Short Interest in Sphere 3D Corp. (NASDAQ:ANY) Declines By 17.0%

Sphere 3D Corp. (NASDAQ:ANY) saw a significant decline in short interest in November. As of November 30th, there was short interest totalling 599,100 shares, a decline of 17.0% from the November 15th total of 721,500 shares. Currently, 2.7% of the shares of the stock are sold short. Based on an average daily volume of 758,300 shares, the days-to-cover ratio is currently 0.8 days.

Sphere 3D Stock Down 1.6 %

Shares of NASDAQ:ANY opened at $1.22 on Friday. The company’s fifty day moving average is $1.21 and its 200 day moving average is $1.07. Sphere 3D has a 52 week low of $0.67 and a 52 week high of $4.09. The stock has a market cap of $25.91 million, a PE ratio of -1.52 and a beta of 2.91.

Insider Transactions at Sphere 3D

In other Sphere 3D news, CEO Patricia Trompeter sold 20,000 shares of the firm’s stock in a transaction dated 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 trade represents a 3.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last 90 days, insiders sold 36,000 shares of company stock valued at $46,760. 5.59% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Sphere 3D stock. XTX Topco Ltd purchased a new position in shares of Sphere 3D Corp. (NASDAQ:ANY) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 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 reporting period. Institutional investors and hedge funds own 17.28% of the company’s stock.

Analysts Set New Price Targets

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

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.