Hyperscale Data, Inc. (NYSEAMERICAN:GPUS) Sees Significant Decline in Short Interest

Hyperscale Data, Inc. (NYSEAMERICAN:GPUS) was the target of a significant decrease in short interest in May. As of May 29th, there was short interest totaling 27,350,420 shares, a decrease of 34.7% from the May 14th total of 41,892,745 shares. Based on an average daily trading volume, of 49,160,534 shares, the days-to-cover ratio is presently 0.6 days. Currently, 9.9% of the company’s stock are sold short.

Insider Buying and Selling at Hyperscale Data

In related news, CEO William B. Horne purchased 200,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 11th. The stock was acquired at an average price of $0.17 per share, for a total transaction of $34,000.00. Following the completion of the acquisition, the chief executive officer owned 200,000 shares of the company’s stock, valued at $34,000. This represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Milton C. Ault III purchased 397,500 shares of the firm’s stock in a transaction that occurred on Tuesday, May 19th. The shares were bought at an average price of $0.13 per share, with a total value of $51,675.00. Following the acquisition, the chairman directly owned 666,300 shares of the company’s stock, valued at $86,619. This represents a 147.88% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have purchased 852,600 shares of company stock valued at $125,994 in the last quarter. 40.09% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Qube Research & Technologies Ltd bought a new position in Hyperscale Data in the 2nd quarter valued at $47,000. LPL Financial LLC bought a new position in Hyperscale Data in the 4th quarter valued at $73,000. Virtu Financial LLC bought a new position in Hyperscale Data in the 4th quarter valued at $152,000. State Street Corp bought a new position in Hyperscale Data in the 4th quarter valued at $335,000. Finally, Geode Capital Management LLC grew its stake in Hyperscale Data by 2,029.5% in the 4th quarter. Geode Capital Management LLC now owns 3,482,917 shares of the company’s stock valued at $639,000 after purchasing an additional 3,319,363 shares during the period. Institutional investors own 41.05% of the company’s stock.

Hyperscale Data Price Performance

Hyperscale Data stock traded down $0.00 during trading on Tuesday, hitting $0.27. 182,014,826 shares of the company were exchanged, compared to its average volume of 50,174,285. The business’s 50 day moving average is $0.16 and its 200 day moving average is $0.20. Hyperscale Data has a 52 week low of $0.11 and a 52 week high of $2.23. The company has a current ratio of 0.53, a quick ratio of 0.50 and a debt-to-equity ratio of 0.14.

Hyperscale Data declared that its Board of Directors has initiated a share repurchase plan on Tuesday, May 26th that allows the company to repurchase $5.00 million in shares. This repurchase authorization allows the company to buy up to 6.6% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Hyperscale Data Company Profile

Hyperscale Data, Inc, through its subsidiaries, provides customized solutions for the military markets in North America, Europe, the Middle East, and internationally. It operates through eight segments: Energy and Infrastructure, Technology and Finance, SMC, Sentinum, GIGA, TurnOnGreen, ROI, and Ault Disruptive. The company offers lifting services; virtual markets, real world goods marketplaces, gaming, sweepstakes gaming, contest of skill, and building private spaces, as well as socialization and connectivity and real and virtual concerts.