Qualstar Corporation (OTCMKTS:QBAK) Short Interest Up 1,016.4% in February

Qualstar Corporation (OTCMKTS:QBAK) saw a significant growth in short interest in the month of February. As of February 13th, there was short interest totaling 614 shares, a growth of 1,016.4% from the January 29th total of 55 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 2,211 shares, the short-interest ratio is presently 0.3 days. Based on an average daily trading volume, of 2,211 shares, the short-interest ratio is presently 0.3 days. Currently, 0.1% of the company’s stock are sold short.

Qualstar Stock Performance

OTCMKTS QBAK opened at $18.40 on Thursday. Qualstar has a 52 week low of $5.50 and a 52 week high of $20.75. The stock’s 50 day moving average price is $19.32 and its two-hundred day moving average price is $15.93. The stock has a market capitalization of $25.39 million, a price-to-earnings ratio of 44.88 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.