Sphere 3D Short Interest Ratio and Short Volume

Short interest is the volume of Sphere 3D shares that have been sold short but have not yet been covered or closed out. As of May 28th, investors have sold 429,800 shares of ANY short.

Sphere 3D saw a decrease in short interest in May. As of May 28th, there was short interest totaling 429,800 shares, a decrease of 52.7% from the previous total of 908,700 shares. Changes in short volume can be used to identify positive and negative investor sentiment. Investors that short sell a stock are betting that its price will decline in the future. An increase in short sale volume suggests bearish (negative) sentiment among investors. A decrease on short sale volume suggests bullish (positive) sentiment.

0.00% of Sphere 3D's shares are currently sold short. Here is how the short interest of companies in the industry of "data processing & preparation" compare to Sphere 3D: CooTek (Cayman) Inc. (0.92%), Park City Group, Inc. (3.80%), Fang Holdings Limited (0.41%), Akerna Corp. (14.61%), WISeKey International Holding AG (0.00%), Phunware, Inc. (7.56%), Greenpro Capital Corp. (1.00%), Support.com, Inc. (27.27%), EVmo, Inc. (0.00%), and RESAAS Services Inc. (0.00%).

As of the most recent reporting period, the following stocks had the largest short interest positions: Tesla, Inc. ($25.04 billion), AstraZeneca PLC ($7.50 billion), Aon plc ($7.09 billion), Square, Inc. ($6.95 billion), Analog Devices, Inc. ($6.90 billion), Advanced Micro Devices, Inc. ($6.79 billion), Charter Communications, Inc. ($6.18 billion), S&P Global Inc. ($5.54 billion), Sea Limited ($4.96 billion), and Wayfair Inc. ($4.25 billion). View all of the most shorted stocks.

Short selling ANY is an investing strategy that aims to generate trading profit from Sphere 3D as its price is falling. Sphere 3D's stock is trading up $0.04 today. To short Sphere 3D stock, an investor borrows shares, sells them and buys the shares back on the public market later to return it to the lender. Short sellers are betting that Sphere 3D will decline in price. If the stock does drop after selling, the short seller buys it back at a lower price and returns it to the lender. The difference between the sell price and the buy price is the trader's profit.

A short squeeze for Sphere 3D occurs when it has a large amount of short interest and its stock increases in price. This forces short sellers to cover their short interest positions by buying actual shares of ANY, which in turn drives the price of the stock up even further.

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including ANY, twice per month. The most recent reporting period available is May, 28 2021.