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

Hyperscale Data, Inc. (NYSEAMERICAN:GPUS) was the recipient of a significant drop in short interest during the month of August. As of August 31st, there was short interest totaling 13,197,525 shares, a drop of 74.2% from the August 15th total of 51,153,942 shares. Based on an average daily volume of 10,521,526 shares, the short-interest ratio is currently 1.3 days. Approximately 15.7% of the company’s shares are short sold.

Insider Buying and Selling

In other news, General Counsel Henry Carl Nisser purchased 250,000 shares of the stock in a transaction that occurred on Friday, September 4th. The stock was bought at an average cost of $0.19 per share, for a total transaction of $47,500.00. Following the acquisition, the general counsel directly owned 250,000 shares of the company’s stock, valued at $47,500. This represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman Milton C. Ault III bought 1,913,691 shares of the company’s stock in a transaction dated Friday, September 4th. The shares were purchased at an average price of $0.19 per share, with a total value of $363,601.29. Following the completion of the acquisition, the chairman owned 2,613,692 shares of the company’s stock, valued at $496,601.48. This trade represents a 273.38% increase in their position. The SEC filing for this purchase provides additional information. Insiders have bought a total of 3,393,751 shares of company stock valued at $797,854 over the last three months. 40.09% of the stock is owned by company insiders.

Institutional Trading of Hyperscale Data

Institutional investors have recently added to or reduced their stakes in the business. Qube Research & Technologies Ltd bought a new stake in Hyperscale Data in the 2nd quarter worth about $47,000. LPL Financial LLC bought a new position in Hyperscale Data in the 4th quarter worth $73,000. Virtu Financial LLC purchased a new position in shares of Hyperscale Data during the 4th quarter valued at about $152,000. State Street Corp purchased a new position in Hyperscale Data during the fourth quarter valued at approximately $335,000. Finally, Geode Capital Management LLC boosted its holdings 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 worth $639,000 after buying an additional 3,319,363 shares during the period. 41.05% of the stock is currently owned by hedge funds and other institutional investors.

Hyperscale Data Price Performance

GPUS traded down $0.00 on Friday, hitting $0.19. The company had a trading volume of 19,764,357 shares, compared to its average volume of 28,973,520. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.54 and a current ratio of 0.57. Hyperscale Data has a 52-week low of $0.17 and a 52-week high of $3.65. The stock has a fifty day simple moving average of $0.65 and a 200-day simple moving average of $0.78.

Hyperscale Data shares are scheduled to split on Tuesday, September 15th. The 1.04066734 split was recently announced. The newly created shares will be issued to shareholders after the closing bell on Monday, September 14th.

Hyperscale Data (NYSEAMERICAN:GPUS) last announced its earnings results on Wednesday, August 19th. The company reported ($0.25) EPS for the quarter. Hyperscale Data had a negative net margin of 71.03% and a negative return on equity of 97.52%. The business had revenue of $34.84 million for the quarter.

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

About Hyperscale Data

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.