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

Hyperscale Data, Inc. (NYSEAMERICAN:GPUS) saw a large growth in short interest in June. As of June 30th, there was short interest totaling 54,043,618 shares, a growth of 76.5% from the June 15th total of 30,623,560 shares. Currently, 25.9% of the company’s stock are short sold. Based on an average daily volume of 323,220,319 shares, the short-interest ratio is presently 0.2 days.

Insider Activity

In related news, CEO William B. Horne acquired 200,000 shares of the stock in a transaction dated Thursday, June 11th. The stock was acquired at an average cost of $0.17 per share, with a total value of $34,000.00. Following the completion of the transaction, the chief executive officer owned 200,000 shares in the company, valued at $34,000. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Milton C. Ault III bought 397,500 shares of the business’s stock in a transaction that occurred on Tuesday, May 19th. The shares were purchased at an average price of $0.13 per share, for a total transaction of $51,675.00. Following the completion of the purchase, the chairman directly owned 666,300 shares of the company’s stock, valued at approximately $86,619. This trade represents a 147.88% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought a total of 930,700 shares of company stock valued at $241,006 in the last quarter. Company insiders own 40.09% of the company’s stock.

Institutional Inflows and Outflows

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

Hyperscale Data Trading Down 0.2%

Shares of NYSEAMERICAN:GPUS traded down $0.00 during trading hours on Friday, reaching $0.12. The stock had a trading volume of 22,289,892 shares, compared to its average volume of 108,846,056. Hyperscale Data has a 1 year low of $0.11 and a 1 year high of $1.12. The firm’s 50 day moving average is $0.18 and its 200-day moving average is $0.19. The company has a current ratio of 0.53, a quick ratio of 0.50 and a debt-to-equity ratio of 0.14.

Hyperscale Data (NYSEAMERICAN:GPUS) last released its quarterly earnings data on Monday, May 18th. The company reported ($0.09) earnings per share (EPS) for the quarter. The firm had revenue of $44.08 million for the quarter. Hyperscale Data had a negative return on equity of 124.90% and a negative net margin of 76.04%.

Hyperscale Data announced that its board has authorized a share buyback plan on Tuesday, May 26th that allows the company to repurchase $5.00 million in outstanding shares. This repurchase authorization allows the company to purchase up to 6.6% of its stock through open market purchases. Stock repurchase plans are usually an indication 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.