Sphere 3D Corp. (NASDAQ:ANY) Short Interest Up 88.8% in January

Sphere 3D Corp. (NASDAQ:ANY) was the target of a significant growth in short interest in the month of January. As of January 15th, there was short interest totaling 125,354 shares, a growth of 88.8% from the December 31st total of 66,398 shares. Based on an average trading volume of 423,246 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.4% of the company’s shares are sold short. Approximately 0.4% of the company’s shares are sold short. Based on an average trading volume of 423,246 shares, the days-to-cover ratio is presently 0.3 days.

Insider Transactions at Sphere 3D

In related news, CEO Kurt L. Kalbfleisch sold 90,000 shares of the stock in a transaction dated Tuesday, December 9th. The stock was sold at an average price of $0.47, for a total value of $42,300.00. Following the completion of the sale, the chief executive officer directly owned 558,964 shares of the company’s stock, valued at approximately $262,713.08. This represents a 13.87% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.90% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Sphere 3D stock. XTX Topco Ltd boosted its position in Sphere 3D Corp. (NASDAQ:ANY) by 51.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 71,682 shares of the technology company’s stock after purchasing an additional 24,424 shares during the quarter. XTX Topco Ltd owned about 0.25% of Sphere 3D worth $42,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 17.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Sphere 3D in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $3.00.

Sphere 3D Stock Performance

Shares of NASDAQ:ANY opened at $0.26 on Friday. The firm has a market cap of $8.82 million, a PE ratio of -0.34 and a beta of 3.65. Sphere 3D has a twelve month low of $0.26 and a twelve month high of $1.26. The business has a fifty day moving average of $0.38 and a 200-day moving average of $0.57.

Sphere 3D (NASDAQ:ANY) last announced its quarterly earnings data on Tuesday, November 4th. The technology company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.02). Sphere 3D had a negative net margin of 167.47% and a negative return on equity of 61.18%. The business had revenue of $2.62 million during the quarter, compared to analyst estimates of $3.00 million. On average, analysts anticipate that Sphere 3D will post -0.58 EPS for the current fiscal year.

About Sphere 3D

Sphere 3D Corporation is a technology company specializing in virtualization, containerization and data management solutions. The company develops software and appliance-based offerings designed to simplify the deployment, mobility and orchestration of applications and data across on-premises, private cloud and public cloud environments. Its platforms enable organizations to consolidate IT infrastructure, improve resource utilization and accelerate application delivery without extensive re-engineering of legacy systems.

Among its key products is the Glassware platform, which allows enterprises to containerize Windows and Linux applications for delivery to virtually any endpoint without needing native software installs.