Sphere 3D Corp. (NASDAQ:ANY) Sees Large Drop in Short Interest

Sphere 3D Corp. (NASDAQ:ANY) was the recipient of a significant drop in short interest in the month of December. As of December 31st, there was short interest totalling 523,900 shares, a drop of 31.5% from the December 15th total of 765,100 shares. Approximately 2.2% of the company’s shares are short sold. Based on an average daily trading volume, of 902,200 shares, the short-interest ratio is presently 0.6 days.

Sphere 3D Trading Up 4.0 %

NASDAQ:ANY traded up $0.04 during trading hours on Wednesday, hitting $1.04. The stock had a trading volume of 246,239 shares, compared to its average volume of 749,267. Sphere 3D has a 1-year low of $0.67 and a 1-year high of $2.73. The business has a 50 day simple moving average of $1.23 and a two-hundred day simple moving average of $1.06. The company has a market cap of $26.47 million, a PE ratio of -1.30 and a beta of 2.99.

Analyst Ratings Changes

ANY has been the topic of several research reports. StockNews.com lowered shares of Sphere 3D from a “hold” rating to a “sell” rating in a report on Tuesday, November 12th. HC Wainwright reaffirmed a “buy” rating and issued a $3.00 price objective on shares of Sphere 3D in a research report on Monday, November 18th.

Insider Activity at Sphere 3D

In related news, CEO Patricia Trompeter sold 20,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief executive officer now owns 597,187 shares in the company, valued at approximately $782,314.97. This trade represents a 3.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Over the last quarter, insiders have sold 36,000 shares of company stock worth $46,760. Company insiders own 5.59% of the company’s stock.

Institutional Trading of Sphere 3D

A hedge fund recently bought a new stake in Sphere 3D stock. XTX Topco Ltd acquired a new stake in Sphere 3D Corp. (NASDAQ:ANY) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 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 SEC filing. Hedge funds and other institutional investors own 17.28% of the company’s stock.

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.