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

Sphere 3D Corp. (NASDAQ:ANY) saw a significant growth in short interest during the month of December. As of December 15th, there was short interest totalling 765,100 shares, a growth of 27.7% from the November 30th total of 599,100 shares. Based on an average daily volume of 840,100 shares, the short-interest ratio is presently 0.9 days. Currently, 3.4% of the company’s stock are sold short.

Analysts Set New Price Targets

A number of research analysts have issued reports on ANY shares. HC Wainwright reaffirmed a “buy” rating and issued a $3.00 price target on shares of Sphere 3D in a report on Monday, November 18th. StockNews.com lowered Sphere 3D from a “hold” rating to a “sell” rating in a research note on Tuesday, November 12th.

Insider Buying and Selling at Sphere 3D

In other news, CEO Patricia Trompeter sold 20,000 shares of the firm’s stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $1.31, for a total value of $26,200.00. Following the completion of the sale, the chief executive officer now owns 597,187 shares of the company’s stock, valued at $782,314.97. This trade represents a 3.24 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold 36,000 shares of company stock worth $46,760 over the last quarter. Insiders own 5.59% of the company’s stock.

Institutional Investors Weigh In On Sphere 3D

A hedge fund recently bought a new stake in Sphere 3D stock. XTX Topco Ltd bought a new stake in Sphere 3D Corp. (NASDAQ:ANY) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 52,130 shares of the technology company’s stock, valued at approximately $56,000. XTX Topco Ltd owned 0.28% of Sphere 3D as of its most recent SEC filing. Institutional investors and hedge funds own 17.28% of the company’s stock.

Sphere 3D Stock Down 2.2 %

Shares of NASDAQ ANY opened at $0.94 on Tuesday. Sphere 3D has a 52 week low of $0.67 and a 52 week high of $3.91. The firm has a market cap of $22.85 million, a P/E ratio of -1.17 and a beta of 2.91. The business’s 50 day moving average price is $1.24 and its 200 day moving average price is $1.06.

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.