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

Hyperscale Data, Inc. (NYSEAMERICAN:GPUS) saw a large decrease in short interest in the month of 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. Currently, 9.9% of the shares of the company are sold short. Based on an average trading volume of 49,160,534 shares, the days-to-cover ratio is presently 0.6 days.

Insider Buying and Selling at Hyperscale Data

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in GPUS. Qube Research & Technologies Ltd bought a new position in shares of Hyperscale Data during the 2nd quarter worth $47,000. Geode Capital Management LLC lifted its holdings in Hyperscale Data by 2,029.5% during the 4th quarter. Geode Capital Management LLC now owns 3,482,917 shares of the company’s stock worth $639,000 after purchasing an additional 3,319,363 shares in the last quarter. LPL Financial LLC purchased a new stake in Hyperscale Data during the 4th quarter worth about $73,000. State Street Corp purchased a new stake in Hyperscale Data during the 4th quarter worth about $335,000. Finally, Virtu Financial LLC purchased a new stake in Hyperscale Data during the 4th quarter worth about $152,000. Institutional investors own 41.05% of the company’s stock.

Hyperscale Data Stock Down 0.1%

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

Hyperscale Data declared that its board has authorized a stock repurchase program on Tuesday, May 26th that permits the company to buyback $5.00 million in shares. This buyback authorization permits the company to reacquire up to 6.6% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board 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.