Sphere 3D Corp. (ANY) Reaches $0.90 52 Week Low; Shorts at Flexsteel Industries (FLXS) Lowered By 11.13%

March 28, 2018 - By Peter Mason

The stock of Sphere 3D Corp. (NASDAQ:ANY) hit a new 52-week low and has $0.83 target or 8.00% below today’s $0.90 share price. The 8 months bearish chart indicates high risk for the $8.15 million company. The 1-year low was reported on Mar, 28 by Barchart.com. If the $0.83 price target is reached, the company will be worth $651,680 less. The stock decreased 5.26% or $0.05 during the last trading session, reaching $0.9. About 481,790 shares traded. Sphere 3D Corp. (NASDAQ:ANY) has declined 82.21% since March 28, 2017 and is downtrending. It has underperformed by 93.76% the S&P500.

Flexsteel Industries Inc (NASDAQ:FLXS) had a decrease of 11.13% in short interest. FLXS’s SI was 50,300 shares in March as released by FINRA. Its down 11.13% from 56,600 shares previously. With 21,700 avg volume, 2 days are for Flexsteel Industries Inc (NASDAQ:FLXS)’s short sellers to cover FLXS’s short positions. The SI to Flexsteel Industries Inc’s float is 0.69%. The stock increased 2.08% or $0.75 during the last trading session, reaching $36.83. About 6,397 shares traded. Flexsteel Industries, Inc. (NASDAQ:FLXS) has declined 23.53% since March 28, 2017 and is downtrending. It has underperformed by 35.08% 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 $8.15 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.

Flexsteel Industries, Inc., together with its subsidiaries, makes, imports, and markets residential and contract upholstered and wood furniture products in the United States. The company has market cap of $289.21 million. It offers sofas, loveseats, chairs, reclining and rocker-reclining chairs, swivel rockers, sofa beds, convertible bedding units, occasional tables, desks, dining tables and chairs, and bedroom furniture for use in home, office, hotel, healthcare, and other commercial applications. It has a 11.2 P/E ratio. The firm distributes its products through its sales force and independent representatives.

Investors sentiment increased to 1.29 in Q4 2017. Its up 0.03, from 1.26 in 2017Q3. It increased, as 8 investors sold Flexsteel Industries, Inc. shares while 26 reduced holdings. 21 funds opened positions while 23 raised stakes. 5.13 million shares or 0.04% less from 5.14 million shares in 2017Q3 were reported. Blackrock reported 0% in Flexsteel Industries, Inc. (NASDAQ:FLXS). Panagora Asset Mgmt holds 0% of its portfolio in Flexsteel Industries, Inc. (NASDAQ:FLXS) for 9,246 shares. Secor Advsrs L P reported 4,834 shares. Janney Montgomery Scott Ltd Company has 0% invested in Flexsteel Industries, Inc. (NASDAQ:FLXS). Goldman Sachs Grp Inc Incorporated holds 0% in Flexsteel Industries, Inc. (NASDAQ:FLXS) or 6,244 shares. 14,900 are held by Royal Bancorp Of Canada. 112,230 are owned by Aqr Capital Mngmt Ltd. Cornerstone Capital Mgmt Ltd Liability holds 7,967 shares or 0% of its portfolio. Indexiq Limited Liability holds 0.05% or 27,946 shares. Deutsche National Bank & Trust Ag stated it has 0% in Flexsteel Industries, Inc. (NASDAQ:FLXS). Polar Asset Mngmt Ptnrs Inc owns 57,537 shares for 0.04% of their portfolio. Meeder Asset Mngmt reported 209 shares. Dimensional Fund Limited Partnership holds 0.01% of its portfolio in Flexsteel Industries, Inc. (NASDAQ:FLXS) for 659,100 shares. Iowa-based At Bancshares has invested 1.95% in Flexsteel Industries, Inc. (NASDAQ:FLXS). Us Retail Bank De holds 170 shares or 0% of its portfolio.

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By1 Peter Mason

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