Sphere 3D Corp. (NASDAQ:ANY) Short Interest Up 14.6% in March

Sphere 3D Corp. (NASDAQ:ANY) was the recipient of a significant increase in short interest in March. As of March 31st, there was short interest totalling 667,400 shares, an increase of 14.6% from the March 15th total of 582,300 shares. Currently, 4.0% of the shares of the stock are short sold. Based on an average daily volume of 1,050,000 shares, the short-interest ratio is presently 0.6 days.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. StockNews.com raised shares of Sphere 3D from a “sell” rating to a “hold” rating in a research note on Wednesday, March 6th. HC Wainwright reaffirmed a “buy” rating and set a $5.00 target price on shares of Sphere 3D in a research note on Thursday, December 28th.

Institutional Investors Weigh In On Sphere 3D

Several institutional investors have recently made changes to their positions in ANY. XTX Topco Ltd bought a new stake in shares of Sphere 3D in the 1st quarter worth about $43,000. Renaissance Technologies LLC lifted its holdings in Sphere 3D by 62.9% during the 1st quarter. Renaissance Technologies LLC now owns 851,276 shares of the technology company’s stock valued at $1,788,000 after buying an additional 328,746 shares in the last quarter. Virtu Financial LLC lifted its holdings in Sphere 3D by 537.3% during the 1st quarter. Virtu Financial LLC now owns 122,323 shares of the technology company’s stock valued at $257,000 after buying an additional 103,130 shares in the last quarter. BNP Paribas Arbitrage SA bought a new stake in Sphere 3D during the 1st quarter valued at about $48,000. Finally, Vanguard Group Inc. bought a new stake in Sphere 3D during the 3rd quarter valued at about $110,000. Institutional investors own 17.28% of the company’s stock.

Sphere 3D Trading Down 1.9 %

ANY traded down $0.02 during trading on Monday, hitting $1.06. 360,690 shares of the company traded hands, compared to its average volume of 1,074,795. Sphere 3D has a 1 year low of $0.57 and a 1 year high of $4.09. The stock’s 50-day simple moving average is $1.75 and its two-hundred day simple moving average is $1.68. The company has a market cap of $18.86 million, a PE ratio of -0.55 and a beta of 2.78.

Sphere 3D (NASDAQ:ANY) last released its quarterly earnings data on Wednesday, March 13th. The technology company reported ($0.64) EPS for the quarter, missing the consensus estimate of ($0.28) by ($0.36). The business had revenue of $7.69 million for the quarter, compared to the consensus estimate of $7.70 million. Sphere 3D had a negative net margin of 106.85% and a negative return on equity of 75.32%. Equities analysts expect that Sphere 3D will post -1.39 EPS for the current year.

About Sphere 3D

Sphere 3D Corp. focuses on operating as a carbon neutral bitcoin mining company. The company also provides data management and desktop and application virtualization solutions through hybrid cloud, cloud, and on-premises implementations directly and through its reseller network and professional services organization.