Sphere 3D Corp. (NASDAQ:ANY) Short Interest Update
by Tristan Rich · The Markets DailySphere 3D Corp. (NASDAQ:ANY – Get Free Report) was the recipient of a significant increase in short interest in 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 trading volume of 840,100 shares, the days-to-cover ratio is currently 0.9 days. Currently, 3.4% of the shares of the stock are short sold.
Sphere 3D Stock Down 2.2 %
Shares of NASDAQ:ANY opened at $0.94 on Tuesday. The business has a fifty day simple moving average of $1.24 and a 200 day simple moving average of $1.06. Sphere 3D has a 12-month low of $0.67 and a 12-month high of $3.91. The firm has a market cap of $22.85 million, a P/E ratio of -1.17 and a beta of 2.91.
Insiders Place Their Bets
In other Sphere 3D news, CEO Patricia Trompeter sold 20,000 shares of the stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $1.31, for a total value of $26,200.00. Following the completion of the transaction, the chief executive officer now directly owns 597,187 shares in the company, valued at approximately $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 Securities & Exchange Commission, which can be accessed through this link. Over the last 90 days, insiders sold 36,000 shares of company stock valued at $46,760. 5.59% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On Sphere 3D
A hedge fund recently bought a new stake in Sphere 3D stock. XTX Topco Ltd bought a new stake in Sphere 3D Corp. (NASDAQ:ANY – Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 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 currently owned by institutional investors.
Wall Street Analyst Weigh In
Several research analysts have recently issued reports on ANY shares. StockNews.com downgraded Sphere 3D from a “hold” rating to a “sell” rating in a research note on Tuesday, November 12th. HC Wainwright restated a “buy” rating and issued a $3.00 price target on shares of Sphere 3D in a research report on Monday, November 18th.
Get Our Latest Analysis on Sphere 3D
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.
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