Hyperscale Data, Inc. (NYSEAMERICAN:GPUS) Short Interest Update

Hyperscale Data, Inc. (NYSEAMERICAN:GPUS) was the target of a large drop in short interest in 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 trading volume, of 10,521,526 shares, the days-to-cover ratio is currently 1.3 days. Currently, 15.7% of the shares of the stock are short sold.

Insider Activity

In related news, Chairman Milton C. Ault III purchased 150,000 shares of Hyperscale Data stock in a transaction on Friday, September 11th. The shares were bought at an average cost of $0.19 per share, for a total transaction of $28,500.00. Following the acquisition, the chairman owned 2,763,692 shares in the company, valued at approximately $525,101.48. The trade was a 5.74% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, General Counsel Henry Carl Nisser purchased 250,000 shares of Hyperscale Data stock in a transaction on Friday, September 4th. The stock was bought at an average price of $0.19 per share, for a total transaction of $47,500.00. Following the completion of the acquisition, the general counsel owned 250,000 shares in the company, valued at $47,500. The trade was a ∞ increase in their position. The SEC filing for this purchase provides additional information. Insiders have purchased a total of 3,393,751 shares of company stock worth $797,854 over the last quarter. Insiders own 40.09% of the company’s stock.

Institutional Investors Weigh In On Hyperscale Data

A number of hedge funds have recently bought and sold shares of the business. Virtu Financial LLC purchased a new position in shares of Hyperscale Data in the 4th quarter worth $152,000. State Street Corp purchased a new stake in shares of Hyperscale Data during the 4th quarter valued at about $335,000. LPL Financial LLC purchased a new stake in shares of Hyperscale Data during the 4th quarter valued at about $73,000. Geode Capital Management LLC lifted its holdings in shares of 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 acquiring an additional 3,319,363 shares during the last quarter. Finally, Qube Research & Technologies Ltd purchased a new position in Hyperscale Data in the second quarter worth about $47,000. Hedge funds and other institutional investors own 41.05% of the company’s stock.

Hyperscale Data Stock Performance

Shares of GPUS stock traded down $0.00 during trading hours on Friday, hitting $0.19. The stock had a trading volume of 19,764,357 shares, compared to its average volume of 28,973,520. Hyperscale Data has a one year low of $0.17 and a one year high of $3.65. The company has a current ratio of 0.57, a quick ratio of 0.54 and a debt-to-equity ratio of 0.29. The stock’s 50-day moving average price is $0.65 and its two-hundred day moving average price is $0.78.

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

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

Hyperscale Data declared that its board has authorized 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 purchase up to 6.6% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its stock is 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.