MicroStrategy Incorporated – 8.00% Series A Perpetual Strike Preferred Stock (NASDAQ:STRK) Short Interest Down 78.9% in March

MicroStrategy Incorporated – 8.00% Series A Perpetual Strike Preferred Stock (NASDAQ:STRK) was the target of a significant drop in short interest during the month of March. As of March 13th, there was short interest totaling 12,646 shares, a drop of 78.9% from the February 26th total of 59,968 shares. Based on an average trading volume of 205,206 shares, the short-interest ratio is presently 0.1 days.

Hedge Funds Weigh In On MicroStrategy Incorporated – 8.00% Series A Perpetual Strike Preferred Stock

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Captrust Financial Advisors increased its position in MicroStrategy Incorporated – 8.00% Series A Perpetual Strike Preferred Stock by 53.8% in the 4th quarter. Captrust Financial Advisors now owns 4,391 shares of the company’s stock valued at $346,000 after acquiring an additional 1,536 shares during the period. Fiduciary Alliance LLC lifted its position in MicroStrategy Incorporated – 8.00% Series A Perpetual Strike Preferred Stock by 7.0% during the 4th quarter. Fiduciary Alliance LLC now owns 2,997 shares of the company’s stock worth $236,000 after acquiring an additional 197 shares during the period. Finally, ORG Wealth Partners LLC purchased a new position in shares of MicroStrategy Incorporated – 8.00% Series A Perpetual Strike Preferred Stock in the 3rd quarter valued at approximately $86,000.

MicroStrategy Incorporated – 8.00% Series A Perpetual Strike Preferred Stock Trading Down 1.9%

STRK stock opened at $73.80 on Friday. The company has a fifty day moving average price of $79.52 and a 200 day moving average price of $84.50. MicroStrategy Incorporated – 8.00% Series A Perpetual Strike Preferred Stock has a 12 month low of $71.40 and a 12 month high of $129.48.

MicroStrategy Incorporated – 8.00% Series A Perpetual Strike Preferred Stock Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Sunday, March 15th will be paid a $2.00 dividend. The ex-dividend date is Friday, March 13th. This represents a $8.00 dividend on an annualized basis and a yield of 10.8%.

MicroStrategy Incorporated is a global leader in enterprise analytics and business intelligence software. The company develops and markets a comprehensive analytics platform that enables organizations to visualize and analyze data from multiple sources, build interactive dashboards, and deliver insights through web and mobile applications. Its product suite includes on-premise and cloud-based offerings, designed to support large-scale deployments across a wide range of industries, from financial services and healthcare to retail and manufacturing.

Founded in 1989 by Chairman and co-founder Michael Saylor and co-founder Sanju Bansal, MicroStrategy has grown from a boutique software startup into an established public company.