Hyperscale Data, Inc. (NYSEAMERICAN:GPUS) Short Interest Up 76.5% in June

Hyperscale Data, Inc. (NYSEAMERICAN:GPUS) was the recipient of a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 54,043,618 shares, an increase of 76.5% from the June 15th total of 30,623,560 shares. Based on an average daily volume of 323,220,319 shares, the days-to-cover ratio is currently 0.2 days. Currently, 25.9% of the shares of the company are short sold.

Hyperscale Data Trading Down 2.2%

Shares of GPUS opened at $0.13 on Friday. The company has a current ratio of 0.53, a quick ratio of 0.50 and a debt-to-equity ratio of 0.14. Hyperscale Data has a fifty-two week low of $0.11 and a fifty-two week high of $1.17. The firm has a 50-day simple moving average of $0.18 and a 200-day simple moving average of $0.19.

Hyperscale Data announced that its board has approved a stock buyback plan on Tuesday, May 26th that authorizes the company to buyback $5.00 million in shares. This buyback authorization authorizes the company to purchase up to 6.6% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s leadership believes its shares are undervalued.

Insiders Place Their Bets

In other Hyperscale Data news, CEO William B. Horne acquired 5,000 shares of the company’s stock in a transaction on Monday, June 29th. The shares were bought at an average cost of $19.00 per share, for a total transaction of $95,000.00. Following the completion of the purchase, the chief executive officer owned 5,000 shares in the company, valued at $95,000. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Chairman Milton C. Ault III acquired 397,500 shares of the company’s stock in a transaction on Tuesday, May 19th. The stock was acquired 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 $86,619. This trade represents a 147.88% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders have purchased 930,700 shares of company stock valued at $241,006. 40.09% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Qube Research & Technologies Ltd purchased a new stake in shares of Hyperscale Data during the second quarter worth approximately $47,000. LPL Financial LLC acquired a new stake in shares of Hyperscale Data during the fourth quarter worth $73,000. Virtu Financial LLC purchased a new position in Hyperscale Data in the 4th quarter valued at $152,000. State Street Corp purchased a new position in Hyperscale Data in the 4th quarter valued at $335,000. Finally, Geode Capital Management LLC increased its stake in 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 period. Institutional investors and hedge funds 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.