Hyperscale Data, Inc. (NYSEAMERICAN:GPUS – Get Free Report) saw a significant growth in short interest in the month of 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. Approximately 25.9% of the company’s shares 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 at Hyperscale Data
In other Hyperscale Data news, CEO William B. Horne bought 5,000 shares of the business’s stock in a transaction that occurred on Monday, June 29th. The shares were purchased at an average cost of $19.00 per share, with a total value of $95,000.00. Following the purchase, the chief executive officer directly owned 5,000 shares in the company, valued at approximately $95,000. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Chairman Milton C. Ault III acquired 397,500 shares of Hyperscale Data stock in a transaction dated Tuesday, May 19th. The stock was bought 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 owned 666,300 shares of the company’s stock, valued at approximately $86,619. This represents a 147.88% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders have purchased 930,700 shares of company stock worth $241,006. 40.09% of the stock is owned by insiders.
Institutional Trading of Hyperscale Data
Institutional investors have recently modified their holdings of the stock. Geode Capital Management LLC grew its position in shares of Hyperscale Data by 2,029.5% in the 4th 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 during the last quarter. State Street Corp purchased a new position in shares of Hyperscale Data during the fourth quarter worth about $335,000. Virtu Financial LLC acquired a new stake in shares of Hyperscale Data during the fourth quarter worth about $152,000. LPL Financial LLC purchased a new stake in shares of Hyperscale Data in the 4th quarter valued at about $73,000. Finally, Qube Research & Technologies Ltd acquired a new stake in shares of Hyperscale Data in the 2nd quarter valued at about $47,000. Hedge funds and other institutional investors own 41.05% of the company’s stock.
Hyperscale Data Stock Performance
Hyperscale Data declared that its Board of Directors has approved a stock buyback plan on Tuesday, May 26th that authorizes the company to repurchase $5.00 million in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 6.6% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its stock is 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.
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