What Next for Sphere 3D Corphares (NASDAQ:ANY) Stock After Increase in Shorted Shares?

June 18, 2018 - By Nellie Frank

Sphere 3D Corp. (NASDAQ:ANY) Logo

The stock of Sphere 3D Corphares (NASDAQ:ANY) registered an increase of 19.3% in short interest. ANY’s total short interest was 899,500 shares in June as published by FINRA. Its up 19.3% from 754,000 shares, reported previously. With 1.08 million shares average volume, it will take short sellers 1 days to cover their ANY’s short positions.

The stock increased 1.69% or $0.009306 during the last trading session, reaching $0.559306. About 557,893 shares traded. Sphere 3D Corp. (NASDAQ:ANY) has declined 88.81% since June 18, 2017 and is downtrending. It has underperformed by 101.38% the S&P500.

Sphere 3D Corp. provides virtualization technologies and data management solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company has market cap of $8.31 million. It enables organizations to deploy a combination of public, private, or hybrid cloud strategies through containerized applications, virtual desktops, virtual storage, and physical hyper-converged platforms. It currently has negative earnings. The firm offers G-Series Appliance and G-Series Cloud applications; virtual desktop management software for managing virtual desktop pools on its V3 hyper-converged appliances for virtualized desktop infrastructures; virtual desktop infrastructure appliances; RDX removable disk solutions, which use public cloud providers comprising Microsoft and Amazon for data protection; and SnapServer network attached storage solution, a platform for primary or nearline storage for integration with Windows, UNIX/Linux, and Macintosh environments.

More news for Sphere 3D Corp. (NASDAQ:ANY) were recently published by: Globenewswire.com, which released: “Sphere 3D Announces All Matters Approved at Special Meeting of Shareholders” on May 31, 2018. Globenewswire.com‘s article titled: “Sphere 3D Files Second Supplement to Definitive Proxy Statement” and published on May 25, 2018 is yet another important article.

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