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

Sphere 3D Corp. (NASDAQ:ANY) was the recipient of a significant decline in short interest during the month of 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 company’s shares are short sold. 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 %

ANY stock traded down $0.02 during trading on Friday, reaching $1.22. The stock had a trading volume of 675,219 shares, compared to its average volume of 977,645. The stock’s 50 day moving average is $1.22 and its two-hundred day moving average is $1.07. Sphere 3D has a 52 week low of $0.67 and a 52 week high of $4.09.

Insider Buying and Selling at Sphere 3D

In other Sphere 3D 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 completion of the transaction, the chief executive officer now owns 597,187 shares of the company’s stock, valued at $782,314.97. This represents a 3.24 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Over the last 90 days, insiders sold 36,000 shares of company stock worth $46,760. 5.59% of the stock is currently owned by insiders.

Hedge Funds 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 shares of Sphere 3D Corp. (NASDAQ:ANY) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund 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 filing with the Securities & Exchange Commission. Institutional investors own 17.28% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on ANY shares. HC Wainwright reiterated a “buy” rating and issued a $3.00 price target on shares of Sphere 3D in a 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.

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.