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

Sphere 3D Corp. (NASDAQ:ANY) was the recipient of a large drop in short interest in January. As of January 31st, there was short interest totalling 426,500 shares, a drop of 40.9% from the January 15th total of 721,300 shares. Approximately 1.8% of the shares of the stock are short sold. Based on an average trading volume of 866,800 shares, the short-interest ratio is presently 0.5 days.

Sphere 3D Price Performance

ANY opened at $0.71 on Thursday. The stock’s 50 day simple moving average is $1.04 and its 200 day simple moving average is $1.03. Sphere 3D has a 1 year low of $0.67 and a 1 year high of $2.68. The firm has a market cap of $18.17 million, a price-to-earnings ratio of -0.89 and a beta of 2.98.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on ANY. HC Wainwright reiterated a “buy” rating and set a $3.00 price objective on shares of Sphere 3D in a research report on Monday, November 18th. StockNews.com upgraded Sphere 3D from a “sell” rating to a “hold” rating in a research report on Tuesday.

Insider Buying and Selling at Sphere 3D

In other news, CEO Patricia Trompeter sold 20,000 shares of the stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $1.31, for a total transaction of $26,200.00. Following the transaction, the chief executive officer now directly owns 597,187 shares in the company, valued at approximately $782,314.97. This represents a 3.24 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold a total of 36,000 shares of company stock valued at $46,760 in the last 90 days. Corporate insiders own 5.59% of the company’s stock.

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.