Short Interest in Sphere 3D Corp. (NASDAQ:ANY) Grows By 27.7%

Sphere 3D Corp. (NASDAQ:ANY) saw a large increase in short interest during the month of December. As of December 15th, there was short interest totalling 765,100 shares, an increase of 27.7% from the November 30th total of 599,100 shares. Based on an average daily trading volume, of 840,100 shares, the short-interest ratio is currently 0.9 days. Currently, 3.4% of the company’s stock are short sold.

Sphere 3D Stock Down 7.6 %

NASDAQ:ANY opened at $0.96 on Friday. Sphere 3D has a 12-month low of $0.67 and a 12-month high of $3.91. The firm has a market capitalization of $23.36 million, a price-to-earnings ratio of -1.20 and a beta of 2.91. The stock’s 50 day moving average price is $1.24 and its two-hundred day moving average price is $1.06.

Insider Transactions at Sphere 3D

In other news, CEO Patricia Trompeter sold 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $1.31, for a total transaction of $26,200.00. Following the sale, the chief executive officer now owns 597,187 shares in the company, valued at $782,314.97. This represents a 3.24 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Insiders sold a total of 36,000 shares of company stock worth $46,760 in the last three months. Insiders own 5.59% of the company’s stock.

Institutional Investors Weigh In On Sphere 3D

An institutional investor recently bought a new position in Sphere 3D stock. XTX Topco Ltd purchased a new stake in Sphere 3D Corp. (NASDAQ:ANY) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 52,130 shares of the technology company’s stock, valued at approximately $56,000. XTX Topco Ltd owned 0.28% of Sphere 3D as of its most recent SEC filing. 17.28% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

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.