FalconStor Software, Inc. (OTCMKTS:FALC) Sees Significant Decline in Short Interest

FalconStor Software, Inc. (OTCMKTS:FALC) was the target of a significant decrease in short interest in the month of June. As of June 15th, there was short interest totaling 6 shares, a decrease of 98.3% from the May 31st total of 352 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 6,749 shares, the short-interest ratio is currently 0.0 days.

FalconStor Software Price Performance

FALC traded up $0.13 during trading on Thursday, reaching $2.80. 1,893 shares of the company’s stock were exchanged, compared to its average volume of 5,314. FalconStor Software has a 1 year low of $0.90 and a 1 year high of $3.30. The stock has a market capitalization of $20.02 million, a P/E ratio of 21.54 and a beta of 0.36. The company’s fifty day simple moving average is $2.66 and its 200-day simple moving average is $2.06.

FalconStor Software (OTCMKTS:FALC) last released its quarterly earnings data on Wednesday, May 6th. The software maker reported $0.12 earnings per share for the quarter. FalconStor Software had a net margin of 18.06% and a negative return on equity of 11.53%.

FalconStor Software Company Profile

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.