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

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

Insiders Place Their Bets

In related news, CEO Patricia Trompeter sold 20,000 shares of the business’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 sale, the chief executive officer now owns 597,187 shares in the company, valued at approximately $782,314.97. The trade was a 3.24 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold a total of 36,000 shares of company stock valued at $46,760 over the last 90 days. 5.59% of the stock is owned by company insiders.

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 position in shares of Sphere 3D Corp. (NASDAQ:ANY) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund 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 owned by hedge funds and other institutional investors.

Sphere 3D Trading Down 2.2 %

Shares of NASDAQ ANY opened at $0.94 on Tuesday. The stock has a market cap of $22.85 million, a P/E ratio of -1.17 and a beta of 2.91. The business’s fifty day simple moving average is $1.24 and its 200-day simple moving average is $1.06. Sphere 3D has a 12-month low of $0.67 and a 12-month high of $3.91.

Analysts Set New Price Targets

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

About Sphere 3D

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.