Sphere 3D (NASDAQ:ANY) Sees Large Volume Increase

Shares of Sphere 3D Corp (NASDAQ:ANY) saw unusually-strong trading volume on Monday . Approximately 3,416 shares traded hands during mid-day trading, a decline of 90% from the previous session’s volume of 35,669 shares.The stock last traded at $1.05 and had previously closed at $1.01.

The business’s fifty day moving average is $1.13 and its 200 day moving average is $1.50.

An institutional investor recently raised its position in Sphere 3D stock. Morgan Stanley increased its position in shares of Sphere 3D Corp (NASDAQ:ANY) by 1,003.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 37,117 shares of the technology company’s stock after acquiring an additional 33,754 shares during the quarter. Morgan Stanley owned 1.61% of Sphere 3D worth $58,000 as of its most recent SEC filing. Institutional investors own 7.96% of the company’s stock.

Sphere 3D Company Profile (NASDAQ:ANY)

Sphere 3D Corp. provides data management, and desktop and application virtualization solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. 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.

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