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

MicroStrategy Incorporated – 8.00% Series A Perpetual Strike Preferred Stock (NASDAQ:STRK) was the recipient of a significant drop in short interest during the month of April. As of April 15th, there was short interest totaling 6,821 shares, a drop of 77.2% from the March 31st total of 29,906 shares. Based on an average daily volume of 108,596 shares, the short-interest ratio is presently 0.1 days.

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

MicroStrategy Incorporated – 8.00% Series A Perpetual Strike Preferred Stock stock opened at $77.57 on Monday. MicroStrategy Incorporated – 8.00% Series A Perpetual Strike Preferred Stock has a 12-month low of $65.12 and a 12-month high of $129.48. The company has a 50-day moving average price of $76.35 and a 200 day moving average price of $81.38.

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

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Sunday, March 15th were given a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a yield of 10.3%. The ex-dividend date was Friday, March 13th.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Fiduciary Alliance LLC boosted its stake in MicroStrategy Incorporated – 8.00% Series A Perpetual Strike Preferred Stock by 7.0% during the fourth quarter. Fiduciary Alliance LLC now owns 2,997 shares of the company’s stock worth $236,000 after buying an additional 197 shares during the period. ORG Wealth Partners LLC purchased a new position in MicroStrategy Incorporated – 8.00% Series A Perpetual Strike Preferred Stock during the third quarter worth about $86,000. Finally, Captrust Financial Advisors boosted its stake in MicroStrategy Incorporated – 8.00% Series A Perpetual Strike Preferred Stock by 53.8% during the fourth quarter. Captrust Financial Advisors now owns 4,391 shares of the company’s stock worth $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.