Sphere 3D Corp. (NASDAQ:ANY) Short Interest Up 37.7% in January

Sphere 3D Corp. (NASDAQ:ANY) saw a significant increase in short interest in January. As of January 15th, there was short interest totalling 721,300 shares, an increase of 37.7% from the December 31st total of 523,900 shares. Approximately 3.0% of the shares of the stock are sold short. Based on an average daily volume of 940,400 shares, the days-to-cover ratio is currently 0.8 days.

Insider Activity at Sphere 3D

In other news, CEO Patricia Trompeter sold 20,000 shares of the stock in a transaction on Tuesday, December 10th. The shares were 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 of the company’s stock, valued at approximately $782,314.97. This represents a 3.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders have 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 corporate insiders.

Institutional Investors Weigh In On Sphere 3D

An institutional investor recently bought a new position in Sphere 3D stock. XTX Topco Ltd purchased a new position in Sphere 3D Corp. (NASDAQ:ANY) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 52,130 shares of the technology company’s stock, valued at approximately $56,000. XTX Topco Ltd owned approximately 0.28% of Sphere 3D as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 17.28% of the company’s stock.

Sphere 3D Stock Performance

Shares of ANY traded up $0.02 during trading hours on Friday, hitting $0.90. The stock had a trading volume of 122,100 shares, compared to its average volume of 671,123. The firm has a 50-day moving average price of $1.13 and a 200 day moving average price of $1.05. Sphere 3D has a fifty-two week low of $0.67 and a fifty-two week high of $2.73. The firm has a market capitalization of $22.78 million, a price-to-earnings ratio of -1.12 and a beta of 2.99.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on ANY shares. StockNews.com downgraded shares of Sphere 3D from a “hold” rating to a “sell” rating in a research report on Thursday. HC Wainwright restated a “buy” rating and set 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.