Short Interest in FalconStor Software, Inc. (OTCMKTS:FALC) Expands By 792.0%

FalconStor Software, Inc. (OTCMKTS:FALC) was the target of a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 2,890 shares, a growth of 792.0% from the July 15th total of 324 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average trading volume of 12,432 shares, the short-interest ratio is currently 0.2 days.

FalconStor Software Price Performance

Shares of OTCMKTS FALC traded up $0.01 during midday trading on Thursday, reaching $1.44. 900 shares of the stock were exchanged, compared to its average volume of 5,587. The company has a market capitalization of $10.30 million, a price-to-earnings ratio of 9.00 and a beta of 0.42. FalconStor Software has a 12 month low of $0.90 and a 12 month high of $3.30. The business has a 50-day simple moving average of $2.50 and a two-hundred day simple moving average of $2.33.

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

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.