FalconStor Software, Inc. (OTCMKTS:FALC) Shares Shorted: Short Interest Up 3,716.7% in October

FalconStor Software, Inc. (OTCMKTS:FALC) was the target of a significant growth in short interest in the month of October. As of October 30th, there was short interest totaling 229 shares, a growth of 3,716.7% from the October 15th total of 6 shares. Based on an average daily trading volume, of 148 shares, the short-interest ratio is presently 1.5 days. Approximately 0.0% of the company’s shares are short sold.

FalconStor Software Stock Performance

FALC opened at $1.46 on Wednesday. The stock’s 50 day moving average price is $1.66 and its 200-day moving average price is $2.11. FalconStor Software has a one year low of $0.90 and a one year high of $3.30. The stock has a market cap of $10.44 million, a price-to-earnings ratio of 9.13 and a beta of 0.48.

FalconStor Software (OTCMKTS:FALC) last issued its quarterly earnings results on Tuesday, November 10th. The software maker reported ($0.02) earnings per share (EPS) for the quarter. FalconStor Software had a negative return on equity of 12.83% and a net margin of 18.93%.

About FalconStor Software

FalconStor Software, Inc. develops software designed to help organizations protect, manage and recover business data. Its solutions have focused on data protection, backup and disaster recovery, storage virtualization, and business continuity for physical, virtual and cloud environments. The company has offered products and platforms supporting centralized backup management, continuous data protection, replication, storage resource management and recovery operations. FalconStor’s technologies are intended to help businesses reduce data loss, improve system availability and simplify the administration of heterogeneous storage infrastructures.