Sphere 3D Corp. (NASDAQ:ANY) Short Interest Down 47.4% in February

Sphere 3D Corp. (NASDAQ:ANY) saw a large drop in short interest in February. As of February 13th, there was short interest totaling 73,636 shares, a drop of 47.4% from the January 29th total of 140,028 shares. Currently, 2.3% of the company’s stock are sold short. Based on an average trading volume of 191,555 shares, the short-interest ratio is presently 0.4 days. Based on an average trading volume of 191,555 shares, the short-interest ratio is presently 0.4 days. Currently, 2.3% of the company’s stock are sold short.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Sphere 3D in a research note on Wednesday, January 21st. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $30.00.

Insider Buying and Selling at Sphere 3D

In related news, CEO Kurt L. Kalbfleisch sold 9,000 shares of Sphere 3D stock in a transaction dated Tuesday, December 9th. The stock was sold at an average price of $4.70, for a total value of $42,300.00. Following the sale, the chief executive officer owned 55,896 shares of the company’s stock, valued at approximately $262,711.20. The trade was a 13.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.90% of the stock is owned by insiders.

Hedge Funds Weigh In On Sphere 3D

A number of institutional investors have recently bought and sold shares of the business. XTX Topco Ltd raised its stake in Sphere 3D by 51.7% in the second quarter. XTX Topco Ltd now owns 71,682 shares of the technology company’s stock valued at $42,000 after buying an additional 24,424 shares during the period. BNP Paribas Financial Markets increased its holdings in shares of Sphere 3D by 294.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 50,127 shares of the technology company’s stock worth $37,000 after acquiring an additional 37,427 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of Sphere 3D during the 4th quarter worth approximately $37,000. Squarepoint Ops LLC bought a new stake in Sphere 3D in the 4th quarter valued at $113,000. Finally, Armistice Capital LLC acquired a new stake in Sphere 3D during the 4th quarter valued at $465,000. Institutional investors and hedge funds own 17.28% of the company’s stock.

Sphere 3D Price Performance

Shares of ANY opened at $1.60 on Friday. The company has a market cap of $5.42 million, a PE ratio of -0.21 and a beta of 3.75. The firm has a 50-day moving average of $2.57 and a 200-day moving average of $5.02. Sphere 3D has a one year low of $1.08 and a one year high of $12.60.

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.