Hyperscale Data, Inc. (NYSEAMERICAN:GPUS) Short Interest Update

Hyperscale Data, Inc. (NYSEAMERICAN:GPUS) 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. Based on an average trading volume of 10,521,526 shares, the days-to-cover ratio is presently 1.3 days. Approximately 15.7% of the shares of the company are sold short.

Hyperscale Data Price Performance

Shares of NYSEAMERICAN GPUS traded up $0.01 during mid-day trading on Monday, reaching $0.20. 41,024,658 shares of the company were exchanged, compared to its average volume of 15,616,732. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.54 and a current ratio of 0.57. The company’s 50-day simple moving average is $0.65 and its 200-day simple moving average is $0.78. Hyperscale Data has a twelve month low of $0.17 and a twelve month high of $3.65.

Hyperscale Data’s stock is set to split before the market opens on Tuesday, September 15th. The 1.04066734 split was recently announced. The newly minted shares will be payable to shareholders after the closing bell on Monday, September 14th.

Hyperscale Data (NYSEAMERICAN:GPUS) last issued its quarterly earnings data on Wednesday, August 19th. The company reported ($0.25) earnings per share (EPS) for the quarter. Hyperscale Data had a negative return on equity of 97.52% and a negative net margin of 71.03%.The company had revenue of $34.84 million for the quarter.

Hyperscale Data announced that its board has authorized a stock buyback program on Tuesday, May 26th that permits the company to buyback $5.00 million in shares. This buyback authorization permits the company to purchase up to 6.6% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s management believes its stock is undervalued.

Insider Transactions at Hyperscale Data

In other Hyperscale Data news, Chairman Milton C. Ault III purchased 1,913,691 shares of the business’s stock in a transaction on Friday, September 4th. The stock was acquired at an average price of $0.19 per share, with a total value of $363,601.29. Following the acquisition, the chairman directly owned 2,613,692 shares of the company’s stock, valued at $496,601.48. This trade represents a 273.38% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, General Counsel Henry Carl Nisser acquired 250,000 shares of Hyperscale Data stock in a transaction on Friday, September 4th. The shares were bought 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 owned 250,000 shares of the company’s stock, valued at approximately $47,500. This trade represents a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last three months, insiders acquired 3,399,251 shares of company stock worth $798,899. 40.09% of the stock is owned by company insiders.

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.