Is Buying Sphere 3D Corphares (NASDAQ:ANY), Having Higher Short Interest a Winning Strategy?

September 16, 2018 - By Adrian Mccoy

Sphere 3D Corp. (NASDAQ:ANY) Logo

The stock of Sphere 3D Corphares (NASDAQ:ANY) registered an increase of 5.92% in short interest. ANY’s total short interest was 1.37 million shares in September as published by FINRA. Its up 5.92% from 1.29 million shares, reported previously. With 522,000 shares average volume, it will take short sellers 3 days to cover their ANY’s short positions.

The stock decreased 9.52% or $0.03 during the last trading session, reaching $0.27. About 413,015 shares traded. Sphere 3D Corp. (NASDAQ:ANY) has declined 92.54% since September 16, 2017 and is downtrending. It has underperformed by 108.16% 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 $4.13 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.

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