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

Sphere 3D Corp. (NASDAQ:ANY) was the recipient of a large decrease in short interest during the month of March. As of March 15th, there was short interest totalling 355,300 shares, a decrease of 37.7% from the February 28th total of 570,200 shares. Approximately 1.5% of the company’s stock are short sold. Based on an average daily volume of 443,900 shares, the days-to-cover ratio is currently 0.8 days.

Institutional Trading of Sphere 3D

A hedge fund recently bought a new stake in Sphere 3D stock. Two Sigma Securities LLC purchased a new position in shares of Sphere 3D Corp. (NASDAQ:ANY) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 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 reporting period. 17.28% of the stock is owned by institutional investors and hedge funds.

Sphere 3D Stock Performance

Shares of NASDAQ ANY opened at $0.40 on Monday. Sphere 3D has a 1 year low of $0.39 and a 1 year high of $1.90. The company’s fifty day moving average price is $0.68 and its 200 day moving average price is $0.96. The company has a market capitalization of $10.16 million, a PE ratio of -0.50 and a beta of 3.11.

Sphere 3D (NASDAQ:ANY) last announced its earnings results on Friday, March 28th. The technology company reported ($0.29) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.27) by ($0.02). Sphere 3D had a negative net margin of 50.87% and a negative return on equity of 49.54%. The business had revenue of $2.64 million for the quarter, compared to analysts’ expectations of $6.72 million. On average, equities analysts expect that Sphere 3D will post -0.58 EPS for the current year.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on shares of Sphere 3D in a report on Tuesday, March 25th. They issued a “sell” rating for the company.

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.