Sphere 3D Corp. (NASDAQ:ANY) Sees Significant Decrease in Short Interest

Posted by Defense World Staff on Mar 30th, 2025

Sphere 3D Corp. (NASDAQ:ANY – Get Free Report) was the recipient of a large drop in short interest in March. As of March 15th, there was short interest totalling 355,300 shares, a drop of 37.7% from the February 28th total of 570,200 shares. Based on an average trading volume of 443,900 shares, the short-interest ratio is presently 0.8 days. Approximately 1.5% of the shares of the stock are short sold.

Sphere 3D Stock Performance

NASDAQ:ANY opened at $0.42 on Friday. Sphere 3D has a fifty-two week low of $0.41 and a fifty-two week high of $1.90. The firm has a market cap of $10.66 million, a PE ratio of -0.52 and a beta of 3.11. The business has a 50 day moving average price of $0.68 and a 200-day moving average price of $0.96.

Sphere 3D (NASDAQ:ANY – Get Free Report) last announced its quarterly earnings results on Friday, March 28th. The technology company reported ($0.29) earnings per share for the quarter, missing the consensus estimate of ($0.27) by ($0.02). Sphere 3D had a negative net margin of 50.87% and a negative return on equity of 49.54%. The firm had revenue of $2.64 million for the quarter, compared to analysts’ expectations of $6.72 million. Research analysts predict that Sphere 3D will post -0.58 EPS for the current year.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on shares of Sphere 3D in a research note on Tuesday, March 25th. They issued a “sell” rating for the company.

Read Our Latest Stock Report on ANY

Institutional Investors Weigh In On Sphere 3D

A hedge fund recently bought a new stake in Sphere 3D stock. Two Sigma Securities LLC acquired a new stake in shares of Sphere 3D Corp. (NASDAQ:ANY – Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 31,879 shares of the technology company’s stock, valued at approximately $30,000. Two Sigma Securities LLC owned 0.13% of Sphere 3D at the end of the most recent quarter. 17.28% of the stock is currently owned by hedge funds and other institutional investors.

Sphere 3D Company Profile

(Get Free Report)

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.