Sphere 3D Corp. (ANY)

[Hugodrax]

"""Interestingly, there are still 20 institutional holders and 50% more buyers than sellers in the past month."""

Almost all of the "institutional" holdings (87% of the NASDAQ reported figure) is a single entity - Cyrus Capital partners which is also a CREDITOR of Sphere 3D and owed $27M. They just resigned from the board and I believe they are getting ready to call the loans.

The rest is trivial.

Most of the quarter to quarter "increase" you see is simply Cyrus getting issued stock in lieu of interest payments because ANY is so strapped for cash they have to pay with stock.

"""50% more buyers than sellers in the past month."""

What does this mean, exactly? Every trade has a buyer and a seller. It nets to zero. You can't have more buyers than sellers. Or are you talking about "institutions"? If so you can't get monthly data, at best you can get quarterly 13-Fs, 45 days after the end of a quarter. So you'll get December filings in the middle of February.

There is no credible narrative that institutions are involved in ANY in any material way, other than Cyrus which is the biggest bagholder of all.