Short Interest in FalconStor Software, Inc. (OTCMKTS:FALC) Drops By 89.5%

FalconStor Software, Inc. (OTCMKTS:FALC) saw a significant decrease in short interest in May. As of May 15th, there was short interest totaling 144 shares, a decrease of 89.5% from the April 30th total of 1,373 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 28,892 shares, the days-to-cover ratio is currently 0.0 days.

FalconStor Software Stock Up 0.7%

Shares of OTCMKTS FALC traded up $0.02 during midday trading on Thursday, hitting $2.85. The stock had a trading volume of 644 shares, compared to its average volume of 5,979. The company has a market capitalization of $20.39 million, a PE ratio of 21.92 and a beta of 0.31. The stock has a 50 day simple moving average of $2.53 and a 200-day simple moving average of $1.89. FalconStor Software has a 1 year low of $0.90 and a 1 year high of $3.30.

FalconStor Software (OTCMKTS:FALC) last released its earnings results on Wednesday, May 6th. The software maker reported $0.12 earnings per share for the quarter. FalconStor Software had a negative return on equity of 11.30% and a net margin of 18.06%.

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.