The stock is trading at $2.34 much lower than $3.10, the 50 day moving average and which is quite a bit lower than the 200 day moving average of $4.01. The 50 day moving average went down by -24.55% whereas the 200 day moving average was down $-1.67 or -41.67%. Trading was light with 8,230 shares changing hands in the last trading session. Volume was down 99.66% under the stocks average daily volume.
Short traders are more bearish on Sphere 3D Corp. recently as indicated by the uptick in short interest. The stock realized a rise in short interest between September 15, 2017 and September 29, 2017 of 11.34%. Short shares grew 31,169 over that timeframe. With short interest at 306,064 and short average daily volume at 201,138, the short-interest ratio is 2.0 and the short interest percentage is 0.07% as of September 29.
These funds have shifted positions in (ANY). As of the end of the quarter Cyrus Capital Partners, L.p. had bought 4,407,914 shares growing its holdings by 40.7%. The value of the investment in ANY went from $2,342,000 to $2,939,000 a change of 25.5% for the reporting period. Citadel Advisors LLC bolstered its position by buying 22,098 shares an increase of 32.8%. Citadel Advisors LLC claims 89,498 shares with a value of $17,000. The total value of its holdings decreased 15.0%.
Kcg Holdings, Inc. grew its holdings by buying 731,429 shares an increase of 540.8% in the quarter. Kcg Holdings, Inc. currently owns 866,676 shares valued at $167,000. The value of the position overall is up by 475.9%. As of quarter end Ubs Group Ag had disposed of a total of 48,371 shares trimming its stake by 96.0%. The value of the total investment in Sphere 3D Corp. decreased from $11,000 to $0 decreasing 100.0% since the last quarter.
As of the latest earnings report the EPS was $-23.17 and is expected to be $-7.95 for the current year with 4,366,000 shares now outstanding. Analysts expect next quarter’s EPS to be $-1.77 with next year’s EPS anticipated to be $-7.05.
Sphere 3D Corp. provides virtualization technologies and data management solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company 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 provides 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; GuardianOS storage software for SnapServer enterprise-grade network attached storage systems; RAINcloud OS storage software for SnapScale clustered scale-out data storage solutions; Snap Enterprise Data Replicator, which provides multi-directional, WAN-optimized replication for SnapServer and SnapScale systems; and AccuGuard, a Windows-based backup and recovery data protection software. The company also offers RDX removable disk solutions, which use public cloud providers, including Microsoft and Amazon for data protection; SnapServer network attached storage solution, a platform for primary or nearline storage for integration with Windows, UNIX/Linux, and Macintosh environments; SnapScale clustered network attached storage solutions, which are clustered NAS solutions that enable organizations with rapid or unpredictable data growth to scale capacity and performance; and V3 hyper-converged platform, an appliance for high performance virtual desktop infrastructure. In addition, it offers NEO series tape-based backup and long-term archive solutions, including tape libraries, tape autoloaders, and stand-alone tape drives. The company sells its products through its distributor and reseller network to small and medium enterprises, small and medium businesses, and distributed enterprises. Sphere 3D Corp. was incorporated in 2007 and is headquartered in Mississauga, Canada..