Sphere 3D Corp. (ANY)

[einstock]

The DECLARED short interest at the time Sphere 3D delisted from Toronto was 2.3M shares. The DECLARED short interest on the Nasdaq is 890K. So let's say the total DECLARED short interest on Sphere 3D (ANY) is 3.2M shares.

Keep in mind this is ONLY the declared short interest, we arent even considering the naked short figure.

Take the amount of shares owned by Cyrus, Pinetree, Sheldon, mgmt/insiders, a few very large retail investors and a guesstimate among people here and we come up with approximately 31M shares in firm hands.

The total shares out on Sphere 3D is approximately 35M. The average daily trading volume is 64K.

The "days to cover" ratio is almost 50. In other words it would take 50 trading days (2.5 months) for the shorts to cover their position.

A DTC of 10 is extremely risky, but 50??

That is why you are seeing so many bashers and Seeking Alpha hit pieces. They are trapped and desperate. Why do you think they place large market sell orders at the close every day? Even with their "spoofing" and "wash sale" trades, they are facing the inevitable squeeze. Dont think this behavior is going unnoticed.

Cyrus has given them a line of credit (no need for financing)..sorry guys.

The Royal Bank of Canada was just fined $35M for illegal wash sales.
link

This has ALL of the makings of a monster short squeeze..but here's the real kicker.

Sphere 3D doesnt trade options.
Good luck trying to cover shares without options.

This could get real interesting, real fast.