Short Interest in FalconStor Software, Inc. (OTCMKTS:FALC) Expands By 1,666.7%

FalconStor Software, Inc. (OTCMKTS:FALC) was the target of a large growth in short interest in June. As of June 30th, there was short interest totaling 106 shares, a growth of 1,666.7% from the June 15th total of 6 shares. Based on an average trading volume of 1,296 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

FalconStor Software Trading Down 1.2%

FalconStor Software stock traded down $0.03 during trading hours on Friday, reaching $2.57. 957 shares of the company were exchanged, compared to its average volume of 1,825. The firm has a market cap of $18.38 million, a price-to-earnings ratio of 19.77 and a beta of 0.37. The stock has a 50-day moving average of $2.74 and a 200 day moving average of $2.17. FalconStor Software has a 12 month low of $0.90 and a 12 month high of $3.30.

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

About FalconStor Software

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.