Sphere 3D Corp. (NASDAQ:ANY) Sees Large Increase in Short Interest

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

Analysts Set New Price Targets

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

Hedge Funds Weigh In On Sphere 3D

An institutional investor recently bought a new position in Sphere 3D stock. Two Sigma Securities LLC acquired a new position in shares of Sphere 3D Corp. (NASDAQ:ANY) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 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 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 Stock Performance

ANY stock opened at $0.49 on Monday. The stock’s 50 day simple moving average is $0.80 and its 200 day simple moving average is $0.98. The company has a market cap of $12.55 million, a P/E ratio of -0.62 and a beta of 3.11. Sphere 3D has a fifty-two week low of $0.48 and a fifty-two week high of $1.90.

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.