Sphere 3D Corp. (NASDAQ:ANY) Sees Significant Growth in Short Interest

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

Analysts Set New Price Targets

Several equities analysts recently weighed in on ANY shares. HC Wainwright reaffirmed a “buy” rating and issued a $3.00 price objective on shares of Sphere 3D in a research note on Monday, November 18th. StockNews.com cut shares of Sphere 3D from a “hold” rating to a “sell” rating in a research note on Tuesday, November 12th.

Sphere 3D Stock Performance

Shares of ANY opened at $1.49 on Monday. Sphere 3D has a 1 year low of $0.67 and a 1 year high of $4.09. The company’s 50 day simple moving average is $1.13 and its 200 day simple moving average is $1.06. The company has a market capitalization of $31.65 million, a price-to-earnings ratio of -1.84 and a beta of 2.80.

Institutional Trading of Sphere 3D

An institutional investor recently bought a new position in Sphere 3D stock. XTX Topco Ltd bought a new stake in 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 bought 52,130 shares of the technology company’s stock, valued at approximately $56,000. XTX Topco Ltd owned about 0.28% of Sphere 3D at the end of the most recent quarter. 17.28% of the stock is owned by institutional investors.

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.