Hyperscale Data, Inc. (NYSEAMERICAN:GPUS – Get Free Report) saw a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 13,197,525 shares, a decline of 74.2% from the August 15th total of 51,153,942 shares. Currently, 15.7% of the shares of the company are sold short. Based on an average daily volume of 10,521,526 shares, the days-to-cover ratio is currently 1.3 days.
Hyperscale Data Trading Down 0.3%
NYSEAMERICAN:GPUS traded down $0.00 on Friday, reaching $0.19. 19,764,357 shares of the company’s stock were exchanged, compared to its average volume of 28,973,520. The stock has a fifty day simple moving average of $0.65 and a 200-day simple moving average of $0.78. Hyperscale Data has a 52 week low of $0.17 and a 52 week high of $3.65. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.57 and a quick ratio of 0.54.
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 distributed to shareholders after the market closes on Monday, September 14th.
Hyperscale Data declared that its Board of Directors has approved a stock repurchase program on Tuesday, May 26th that authorizes the company to repurchase $5.00 million in shares. This repurchase authorization authorizes the company to buy up to 6.6% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.
Insider Activity at Hyperscale Data
In other news, General Counsel Henry Carl Nisser bought 250,000 shares of the firm’s stock in a transaction on Friday, September 4th. The stock was acquired at an average cost of $0.19 per share, with a total value of $47,500.00. Following the completion of the transaction, the general counsel directly owned 250,000 shares of the company’s stock, valued at $47,500. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman Milton C. Ault III bought 1,913,691 shares of the stock in a transaction on Friday, September 4th. The stock was purchased at an average price of $0.19 per share, for a total transaction of $363,601.29. Following the completion of the purchase, the chairman owned 2,613,692 shares of the company’s stock, valued at approximately $496,601.48. This trade represents a 273.38% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last quarter, insiders have bought 3,393,751 shares of company stock worth $797,854. Insiders own 40.09% of the company’s stock.
Institutional Investors Weigh In On Hyperscale Data
Institutional investors and hedge funds have recently made changes to their positions in the business. Virtu Financial LLC bought a new position in Hyperscale Data in the 4th quarter worth about $152,000. State Street Corp bought a new stake in shares of Hyperscale Data during the 4th quarter valued at about $335,000. Geode Capital Management LLC boosted 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 valued at $639,000 after acquiring an additional 3,319,363 shares during the last quarter. LPL Financial LLC purchased a new position in shares of Hyperscale Data during the fourth quarter worth about $73,000. Finally, Qube Research & Technologies Ltd purchased a new position in shares of Hyperscale Data during the second quarter worth about $47,000. Hedge funds and other 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.
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