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

MicroStrategy Incorporated – 8.00% Series A Perpetual Strike Preferred Stock (NASDAQ:STRK) was the target of a significant decrease in short interest during the month of May. As of May 29th, there was short interest totaling 4,143 shares, a decrease of 48.3% from the May 14th total of 8,017 shares. Based on an average trading volume of 161,027 shares, the days-to-cover ratio is presently 0.0 days.

MicroStrategy Incorporated – 8.00% Series A Perpetual Strike Preferred Stock Stock Up 2.0%

Shares of NASDAQ STRK traded up $1.37 during mid-day trading on Friday, hitting $69.57. The company had a trading volume of 114,670 shares, compared to its average volume of 168,552. The business’s 50-day simple moving average is $73.71 and its 200-day simple moving average is $78.47. MicroStrategy Incorporated – 8.00% Series A Perpetual Strike Preferred Stock has a 12 month low of $64.00 and a 12 month high of $129.48.

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

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be paid a $2.00 dividend. This represents a $8.00 annualized dividend and a dividend yield of 11.5%. The ex-dividend date is Monday, June 15th.

Institutional Investors Weigh In On MicroStrategy Incorporated – 8.00% Series A Perpetual Strike Preferred Stock

Hedge funds have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC bought a new stake in shares of MicroStrategy Incorporated – 8.00% Series A Perpetual Strike Preferred Stock in the first quarter valued at about $104,000. Fiduciary Alliance LLC lifted its stake in shares of MicroStrategy Incorporated – 8.00% Series A Perpetual Strike Preferred Stock by 7.0% in the fourth quarter. Fiduciary Alliance LLC now owns 2,997 shares of the company’s stock valued at $236,000 after buying an additional 197 shares during the period. Finally, Captrust Financial Advisors lifted its stake in shares of MicroStrategy Incorporated – 8.00% Series A Perpetual Strike Preferred Stock by 53.8% in the fourth quarter. Captrust Financial Advisors now owns 4,391 shares of the company’s stock valued at $346,000 after buying an additional 1,536 shares during the period.

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.