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

Sphere 3D Corp. (NASDAQ:ANY) was the target of a large increase in short interest in the month of November. As of November 15th, there was short interest totalling 721,500 shares, an increase of 29.0% from the October 31st total of 559,500 shares. Based on an average daily trading volume, of 680,400 shares, the days-to-cover ratio is currently 1.1 days. Currently, 3.6% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on ANY shares. HC Wainwright reiterated a “buy” rating and set a $3.00 target price on shares of Sphere 3D in a research note on Monday, November 18th. StockNews.com downgraded shares of Sphere 3D from a “hold” rating to a “sell” rating in a research report on Tuesday, November 12th.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Sphere 3D stock. XTX Topco Ltd acquired a new stake in shares of Sphere 3D Corp. (NASDAQ:ANY) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 52,130 shares of the technology company’s stock, valued at approximately $56,000. XTX Topco Ltd owned 0.28% of Sphere 3D at the end of the most recent reporting period. 17.28% of the stock is owned by institutional investors.

Sphere 3D Trading Up 1.4 %

Shares of NASDAQ ANY opened at $1.49 on Monday. Sphere 3D has a 12-month low of $0.67 and a 12-month high of $4.09. The company has a market cap of $31.65 million, a price-to-earnings ratio of -1.84 and a beta of 2.80. The stock’s 50 day simple moving average is $1.13 and its 200 day simple moving average is $1.06.

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.