Hyperscale Data, Inc. (NYSEAMERICAN:GPUS) Sees Large Decrease in Short Interest

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

Hyperscale Data Price Performance

GPUS traded up $0.11 during trading hours on Wednesday, reaching $0.37. 297,109,160 shares of the company’s stock traded hands, compared to its average volume of 53,658,512. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.53 and a quick ratio of 0.50. The firm has a 50-day moving average price of $0.16 and a 200 day moving average price of $0.20. Hyperscale Data has a 52-week low of $0.11 and a 52-week high of $2.23.

Hyperscale Data declared that its board has initiated a share repurchase program on Tuesday, May 26th that permits the company to buyback $5.00 million in outstanding shares. This buyback authorization permits the company to reacquire up to 6.6% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s management believes its shares are undervalued.

Insiders Place Their Bets

In other Hyperscale Data news, CEO William B. Horne acquired 200,000 shares of the company’s stock in a transaction that occurred on Thursday, June 11th. The stock was bought at an average price of $0.17 per share, for a total transaction of $34,000.00. Following the acquisition, the chief executive officer directly owned 200,000 shares in the company, valued at $34,000. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Milton C. Ault III acquired 397,500 shares of the company’s stock in a transaction that occurred on Tuesday, May 19th. The shares were acquired at an average price of $0.13 per share, with a total value of $51,675.00. Following the acquisition, the chairman owned 666,300 shares in the company, valued at $86,619. This trade represents a 147.88% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders have purchased 852,600 shares of company stock valued at $125,994. 40.09% of the stock is owned by company insiders.

Hedge Funds Weigh In On Hyperscale Data

A number of hedge funds and other institutional investors have recently made changes to their positions in GPUS. Geode Capital Management LLC grew its position in shares of 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 buying an additional 3,319,363 shares in the last quarter. State Street Corp bought a new position in shares of Hyperscale Data during the 4th quarter worth $335,000. Virtu Financial LLC bought a new position in shares of Hyperscale Data during the 4th quarter worth $152,000. LPL Financial LLC bought a new position in shares of Hyperscale Data during the 4th quarter worth $73,000. Finally, Qube Research & Technologies Ltd bought a new position in shares of Hyperscale Data during the 2nd quarter worth $47,000. Institutional investors own 41.05% of the company’s stock.

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.