MicroStrategy Incorporated – 8.00% Series A Perpetual Strike Preferred Stock (NASDAQ:STRK) Sees Significant Decrease in Short Interest

MicroStrategy Incorporated – 8.00% Series A Perpetual Strike Preferred Stock (NASDAQ:STRK) was the recipient of a large decline in short interest during the month of March. As of March 13th, there was short interest totaling 12,646 shares, a decline of 78.9% from the February 26th total of 59,968 shares. Based on an average daily volume of 205,206 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 205,206 shares, the days-to-cover ratio is currently 0.1 days.

MicroStrategy Incorporated – 8.00% Series A Perpetual Strike Preferred Stock Stock Performance

NASDAQ:STRK opened at $75.58 on Wednesday. MicroStrategy Incorporated – 8.00% Series A Perpetual Strike Preferred Stock has a 12-month low of $71.40 and a 12-month high of $129.48. The company’s 50-day moving average is $80.04 and its two-hundred day moving average is $84.64.

MicroStrategy Incorporated – 8.00% Series A Perpetual Strike Preferred Stock Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Sunday, March 15th will be paid a dividend of $2.00 per share. The ex-dividend date of this dividend is Friday, March 13th. This represents a $8.00 annualized dividend and a dividend yield of 10.6%.

Institutional Trading of MicroStrategy Incorporated – 8.00% Series A Perpetual Strike Preferred Stock

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Captrust Financial Advisors raised its holdings in MicroStrategy Incorporated – 8.00% Series A Perpetual Strike Preferred Stock by 53.8% in the 4th quarter. Captrust Financial Advisors now owns 4,391 shares of the company’s stock valued at $346,000 after acquiring an additional 1,536 shares during the last quarter. Fiduciary Alliance LLC lifted its stake in shares of MicroStrategy Incorporated – 8.00% Series A Perpetual Strike Preferred Stock by 7.0% during the 4th quarter. Fiduciary Alliance LLC now owns 2,997 shares of the company’s stock worth $236,000 after purchasing an additional 197 shares during the period. Finally, ORG Wealth Partners LLC acquired a new stake in shares of MicroStrategy Incorporated – 8.00% Series A Perpetual Strike Preferred Stock during the third quarter worth $86,000.

MicroStrategy Incorporated is a global leader in enterprise analytics and business intelligence software. The company develops and markets a comprehensive analytics platform that enables organizations to visualize and analyze data from multiple sources, build interactive dashboards, and deliver insights through web and mobile applications. Its product suite includes on-premise and cloud-based offerings, designed to support large-scale deployments across a wide range of industries, from financial services and healthcare to retail and manufacturing.

Founded in 1989 by Chairman and co-founder Michael Saylor and co-founder Sanju Bansal, MicroStrategy has grown from a boutique software startup into an established public company.