Short Interest in Qualstar Corporation (OTCMKTS:QBAK) Drops By 87.5%

Qualstar Corporation (OTCMKTS:QBAK) was the recipient of a significant decrease in short interest in February. As of February 27th, there was short interest totaling 77 shares, a decrease of 87.5% from the February 12th total of 614 shares. Based on an average daily volume of 1,208 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the company’s shares are sold short. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 1,208 shares, the short-interest ratio is currently 0.1 days.

Qualstar Stock Performance

QBAK stock opened at $18.25 on Thursday. The stock has a 50-day moving average price of $19.25 and a two-hundred day moving average price of $16.69. Qualstar has a 1 year low of $5.50 and a 1 year high of $20.75. The stock has a market cap of $25.19 million, a PE ratio of 44.51 and a beta of -0.26.

About Qualstar

Qualstar Corporation is a designer and manufacturer of automated magnetic tape library and data storage products. The company’s offerings include modular tape library modules, standalone autoloaders, and multi-frame library systems that integrate with a variety of tape media standards such as LTO, DLT and SDLT. Qualstar’s solutions leverage robotic tape handling to deliver high-capacity, reliable and cost-effective backup and archival storage for data centers.

These tape library systems are engineered for scalability, allowing organizations to expand storage capacity incrementally as data retention needs grow.