FalconStor Software, Inc. (OTCMKTS:FALC) Short Interest Update

by · The Cerbat Gem

FalconStor Software, Inc. (OTCMKTS:FALC – Get Free Report) was the recipient of a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 2,890 shares, an increase of 792.0% from the July 15th total of 324 shares. Based on an average daily trading volume, of 12,432 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the shares of the company are sold short.

FalconStor Software Price Performance

Shares of FALC stock traded down $0.20 during mid-day trading on Tuesday, hitting $1.42. The stock had a trading volume of 24,738 shares, compared to its average volume of 5,953. FalconStor Software has a fifty-two week low of $0.90 and a fifty-two week high of $3.30. The firm has a market cap of $10.15 million, a PE ratio of 8.88 and a beta of 0.42. The company’s 50-day simple moving average is $2.53 and its 200-day simple moving average is $2.33.

FalconStor Software (OTCMKTS:FALC – Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The software maker reported ($0.08) earnings per share (EPS) for the quarter. FalconStor Software had a negative return on equity of 12.76% and a net margin of 18.93%.The firm had revenue of $2.63 million for the quarter.

About FalconStor Software

(Get Free Report)

FalconStor Software, Inc is a provider of enterprise data protection and storage virtualization solutions designed to help organizations manage, protect and recover their critical data. The company’s offerings focus on reducing the complexity and cost of backup, replication and disaster recovery through software-defined storage technologies. By abstracting physical storage resources and automating data movement, FalconStor enables seamless integration with heterogeneous storage environments.

The company’s flagship platform, FreeStor, delivers a vendor-agnostic storage virtualization layer that supports continuous data protection (CDP), snapshot management, replication and orchestration across on-premises, cloud and hybrid infrastructures.

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