Hyperscale Data, Inc. (NYSEAMERICAN:GPUS) Short Interest Down 34.7% in May

Hyperscale Data, Inc. (NYSEAMERICAN:GPUS) was the target of a large decrease in short interest in May. As of May 29th, there was short interest totaling 27,350,420 shares, a decrease of 34.7% from the May 14th total of 41,892,745 shares. Currently, 9.9% of the company’s stock are short sold. Based on an average trading volume of 49,160,534 shares, the days-to-cover ratio is presently 0.6 days.

Hyperscale Data Trading Up 53.0%

Shares of NYSEAMERICAN:GPUS opened at $0.40 on Thursday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.50 and a current ratio of 0.53. Hyperscale Data has a twelve month low of $0.11 and a twelve month high of $2.23. The firm has a 50 day simple moving average of $0.16 and a 200-day simple moving average of $0.20.

Hyperscale Data announced that its Board of Directors has approved a stock buyback program on Tuesday, May 26th that authorizes the company to buyback $5.00 million in outstanding shares. This buyback authorization authorizes the company to purchase up to 6.6% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Insider Transactions at Hyperscale Data

In other Hyperscale Data news, CEO William B. Horne purchased 200,000 shares of the stock in a transaction that occurred on Thursday, June 11th. The stock was purchased at an average cost of $0.17 per share, with a total value of $34,000.00. Following the completion of the acquisition, the chief executive officer directly owned 200,000 shares of the company’s stock, valued at $34,000. This trade represents a ? increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Milton C. Ault III purchased 397,500 shares of the company’s stock in a transaction on 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 directly owned 666,300 shares of the company’s stock, valued at $86,619. The trade was a 147.88% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders bought 907,600 shares of company stock worth $139,194. Company insiders own 40.09% of the company’s stock.

Hedge Funds Weigh In On Hyperscale Data

Several large investors have recently bought and sold shares of GPUS. Geode Capital Management LLC grew its holdings in shares of 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 worth $639,000 after purchasing an additional 3,319,363 shares during the last quarter. State Street Corp acquired a new stake in shares of Hyperscale Data in the 4th quarter valued at about $335,000. Virtu Financial LLC acquired a new stake in shares of Hyperscale Data in the 4th quarter valued at about $152,000. LPL Financial LLC purchased a new position in Hyperscale Data during the 4th quarter worth approximately $73,000. Finally, Qube Research & Technologies Ltd acquired a new position in Hyperscale Data during the second quarter worth approximately $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.