Sphere 3D Corp. (NASDAQ:ANY) Short Interest Update

Sphere 3D Corp. (NASDAQ:ANY) was the target of a large growth in short interest in the month of January. As of January 15th, there was short interest totalling 721,300 shares, a growth of 37.7% from the December 31st total of 523,900 shares. Based on an average daily trading volume, of 940,400 shares, the days-to-cover ratio is presently 0.8 days. Approximately 3.0% of the company’s shares are short sold.

Insider Buying and Selling

In related news, CEO Patricia Trompeter sold 20,000 shares of the firm’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $1.31, for a total transaction of $26,200.00. Following the sale, the chief executive officer now directly owns 597,187 shares in the company, valued at $782,314.97. This trade represents a 3.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In the last quarter, insiders have sold 36,000 shares of company stock valued at $46,760. 5.59% of the stock is owned by company insiders.

Hedge Funds Weigh In On Sphere 3D

An institutional investor recently bought a new position in Sphere 3D stock. XTX Topco Ltd bought a new stake in Sphere 3D Corp. (NASDAQ:ANY) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 52,130 shares of the technology company’s stock, valued at approximately $56,000. XTX Topco Ltd owned approximately 0.28% of Sphere 3D at the end of the most recent quarter. 17.28% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have issued reports on ANY. StockNews.com downgraded Sphere 3D from a “hold” rating to a “sell” rating in a research note on Thursday. HC Wainwright reissued a “buy” rating and issued a $3.00 target price on shares of Sphere 3D in a research report on Monday, November 18th.

Sphere 3D Stock Down 0.3 %

ANY traded down $0.00 during trading hours on Friday, hitting $0.87. 261,333 shares of the company’s stock were exchanged, compared to its average volume of 645,088. The stock has a market cap of $22.21 million, a price-to-earnings ratio of -1.09 and a beta of 2.99. Sphere 3D has a 1-year low of $0.67 and a 1-year high of $2.73. The stock’s 50-day moving average is $1.13 and its two-hundred day moving average is $1.05.

Sphere 3D Company Profile

Sphere 3D Corp. engages in the bitcoin mining business. It is involved with digital asset mining pool operators to provide computing power to the mining pools. The company is based in Stamford, Connecticut.