Sphere 3D Corp. (NASDAQ:ANY) Short Interest Up 38.4% in February

Sphere 3D Corp. (NASDAQ:ANY) was the target of a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 570,200 shares, an increase of 38.4% from the February 13th total of 412,100 shares. Approximately 2.4% of the company’s shares are sold short. Based on an average daily trading volume, of 559,300 shares, the days-to-cover ratio is currently 1.0 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Sphere 3D stock. Two Sigma Securities LLC bought a new position in shares of Sphere 3D Corp. (NASDAQ:ANY) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 31,879 shares of the technology company’s stock, valued at approximately $30,000. Two Sigma Securities LLC owned about 0.13% 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 Price Performance

Shares of ANY opened at $0.49 on Monday. The business has a 50-day moving average of $0.80 and a 200-day moving average of $0.98. Sphere 3D has a 1 year low of $0.48 and a 1 year high of $1.90. The company has a market capitalization of $12.55 million, a price-to-earnings ratio of -0.62 and a beta of 3.11.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on ANY. StockNews.com lowered shares of Sphere 3D from a “hold” rating to a “sell” rating in a report on Tuesday, February 25th. HC Wainwright reissued a “buy” rating and issued a $3.00 price objective on shares of Sphere 3D in a research note on Monday, November 18th.

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.