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

Hyperscale Data, Inc. (NYSEAMERICAN:GPUS) was the recipient of 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 shares of the stock are sold short. Based on an average daily trading volume, of 323,220,319 shares, the short-interest ratio is presently 0.2 days.

Hyperscale Data Trading Down 0.2%

NYSEAMERICAN GPUS opened at $0.12 on Friday. Hyperscale Data has a 12 month low of $0.11 and a 12 month high of $1.12. The company has a current ratio of 0.53, a quick ratio of 0.50 and a debt-to-equity ratio of 0.14. The company’s 50 day simple moving average is $0.18 and its 200 day simple moving average is $0.19.

Hyperscale Data (NYSEAMERICAN:GPUS) last announced its earnings results on Monday, May 18th. The company reported ($0.09) 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 declared that its Board of Directors has initiated a stock repurchase plan on Tuesday, May 26th that permits the company to buyback $5.00 million in outstanding shares. This buyback authorization permits the company to purchase up to 6.6% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board believes its shares are undervalued.

Insider Transactions at Hyperscale Data

In related news, CEO William B. Horne bought 200,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 11th. The stock was purchased at an average price of $0.17 per share, for a total transaction of $34,000.00. Following the transaction, the chief executive officer directly owned 200,000 shares of the company’s stock, valued at approximately $34,000. This represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Milton C. Ault III bought 397,500 shares of the stock in a transaction on Tuesday, May 19th. The shares were bought at an average cost of $0.13 per share, for a total transaction of $51,675.00. Following the purchase, the chairman owned 666,300 shares in the company, valued at $86,619. This trade represents a 147.88% increase in their position. The SEC filing for this purchase provides additional information. Insiders purchased a total of 930,700 shares of company stock valued at $241,006 in the last quarter. 40.09% of the stock is currently owned by insiders.

Institutional Trading of Hyperscale Data

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

Hyperscale Data Company Profile

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.