Sphere 3D Corphares (NASDAQ:ANY)’s Stock Is Sell After More Market Selling

May 16, 2018 - By Vivian Park

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 May 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 decreased 3.66% or $0.0131 during the last trading session, reaching $0.3451. About 179,330 shares traded. Sphere 3D Corp. (NASDAQ:ANY) has declined 82.21% since May 16, 2017 and is downtrending. It has underperformed by 93.76% 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 $4.97 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 recent Sphere 3D Corp. (NASDAQ:ANY) news were published by: Globenewswire.com which released: “Sphere 3D Reports First Quarter Fiscal Year 2018 Financial Results” on May 10, 2018. Also Globenewswire.com published the news titled: “Sphere 3D Corp. Announces Closing of $2.3 Million Public Offering” on April 17, 2018. Globenewswire.com‘s news article titled: “Overland-Tandberg Receives New Purchase Order for Nearly $1Million” with publication date: May 14, 2018 was also an interesting one.

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