Sphere 3D Corp. (NASDAQ:ANY) Short Interest Up 220.9% in June

Sphere 3D Corp. (NASDAQ:ANY) was the target of a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 142,957 shares, a growth of 220.9% from the May 31st total of 44,552 shares. Approximately 3.5% of the company’s shares are short sold. Based on an average daily volume of 15,595,252 shares, the short-interest ratio is currently 0.0 days.

Hedge Funds Weigh In On Sphere 3D

Institutional investors have recently bought and sold shares of the stock. Jane Street Group LLC purchased a new position in shares of Sphere 3D in the 4th quarter valued at approximately $37,000. BNP Paribas Financial Markets boosted its holdings in shares of Sphere 3D by 294.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 50,127 shares of the technology company’s stock valued at $37,000 after buying an additional 37,427 shares in the last quarter. XTX Topco Ltd grew its position in shares of Sphere 3D by 678.6% in the 4th quarter. XTX Topco Ltd now owns 131,326 shares of the technology company’s stock worth $39,000 after buying an additional 114,460 shares during the period. Squarepoint Ops LLC bought a new position in shares of Sphere 3D during the fourth quarter valued at approximately $113,000. Finally, Armistice Capital LLC purchased a new position in Sphere 3D during the fourth quarter valued at $465,000. 17.28% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on ANY shares. Wall Street Zen raised Sphere 3D to a “sell” rating in a research note on Saturday, March 21st. Weiss Ratings upgraded shares of Sphere 3D from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, June 17th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Sphere 3D presently has an average rating of “Sell”.

Sphere 3D Stock Performance

Shares of NASDAQ ANY traded down $0.01 during trading hours on Friday, hitting $2.73. The company’s stock had a trading volume of 146,258 shares, compared to its average volume of 9,151,418. The stock has a market cap of $11.58 million, a price-to-earnings ratio of -0.78 and a beta of 3.63. Sphere 3D has a 12 month low of $1.08 and a 12 month high of $12.60. The business has a 50-day simple moving average of $2.44 and a 200-day simple moving average of $2.38.

Sphere 3D (NASDAQ:ANY) last released its quarterly earnings results on Friday, May 8th. The technology company reported ($1.18) EPS for the quarter, missing analysts’ consensus estimates of ($0.72) by ($0.46). Sphere 3D had a negative net margin of 163.45% and a negative return on equity of 78.14%. The business had revenue of $1.92 million for the quarter, compared to the consensus estimate of $2.90 million.

About Sphere 3D

Sphere 3D Corporation is a technology company specializing in virtualization, containerization and data management solutions. The company develops software and appliance-based offerings designed to simplify the deployment, mobility and orchestration of applications and data across on-premises, private cloud and public cloud environments. Its platforms enable organizations to consolidate IT infrastructure, improve resource utilization and accelerate application delivery without extensive re-engineering of legacy systems.

Among its key products is the Glassware platform, which allows enterprises to containerize Windows and Linux applications for delivery to virtually any endpoint without needing native software installs.