GPUS (Hyperscale Data, Inc.) approaches its May 1 earnings with short sellers actively pulling back — a notable shift for a micro-cap trading near penny-stock territory.
The clearest positioning signal is the directional move in short interest. Estimated shares short have dropped roughly 12% over the past month, falling to 7.1% of the free float from levels closer to 10% in early April. The retreat has been steady: after a brief spike to a 30-day high on April 9, short interest has fallen in almost every subsequent session. Utilization — how much of the available borrow pool has been put to work — has followed the same path, dropping from above 84% in mid-April to 45.8% by April 24. That is roughly half the 52-week peak of 100%, and well off early-month highs, suggesting short sellers are returning borrowed shares rather than pressing new bets. Borrow cost has eased too, running at 2.2%, down from 3.1% in late March. With availability at 131% of estimated short interest, there is ample stock to borrow for anyone who wants to re-enter — they are simply choosing not to.
The price picture is more volatile. The stock shed 9.3% on April 27 alone and is down 6.4% on the week, even as the one-month return sits modestly positive at 4.5%. At $0.14, GPUS is a heavily diluted micro-cap with a market cap of roughly $64 million. That context matters: moves of this magnitude are common at this price level and with this shareholder base. Institutional ownership is thin — Vanguard leads all holders with just under 5% of shares, and Ault & Company, the vehicle of Founder and Executive Chairman Milton Ault III, holds a further 3.9%. Ault himself was a consistent open-market buyer through December 2025, accumulating over 1.7 million shares across multiple transactions near $0.18–$0.23, though that activity is now several months old.
The earnings history for this name is worth noting purely for the range of outcomes. The April 10 release produced a 16.9% single-day decline and a 17.6% five-day decline. The April 15 event saw a 2.7% one-day dip but then recovered 14.1% over five days. The most recent print on April 21 — just a week ago — produced a 14% single-day gain. With three events in rapid succession and wildly divergent reactions, the pattern signals high volatility around releases rather than any directional tendency.
Overall, short positioning looks lighter than it has been all month, and borrow conditions remain relaxed, but the stock's extreme price sensitivity and erratic post-earnings history mean the May 1 print is primarily a test of whether the company can show any operational progress that justifies the rally from its March lows.
See the live data behind this article on ORTEX.
Open GPUS on ORTEX →ORTEX Market Intelligence content is generated by AI from a snapshot of ORTEX's proprietary data. Content is informational only and does not constitute investment advice.
