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

FalconStor Software, Inc. (OTCMKTS:FALC) was the target of a significant increase in short interest in 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 days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the company’s stock are sold short.

FalconStor Software Stock Down 12.5%

FalconStor Software stock traded down $0.20 during trading on Tuesday, reaching $1.42. The stock had a trading volume of 24,738 shares, compared to its average volume of 5,953. FalconStor Software has a 52-week low of $0.90 and a 52-week high of $3.30. The stock has a market cap of $10.15 million, a PE ratio of 8.88 and a beta of 0.42. The business has a 50 day moving average price of $2.53 and a 200 day moving average price of $2.33.

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

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.