FalconStor Software, Inc. (OTCMKTS:FALC) Short Interest Update

FalconStor Software, Inc. (OTCMKTS:FALC) was the recipient of a significant drop in short interest during the month of February. As of February 15th, there was short interest totalling 100 shares, a drop of 50.0% from the January 31st total of 200 shares. Based on an average daily trading volume, of 1,200 shares, the days-to-cover ratio is currently 0.1 days.

FalconStor Software Price Performance

Shares of OTCMKTS FALC traded up $0.16 during mid-day trading on Friday, reaching $1.66. 1,400 shares of the company’s stock traded hands, compared to its average volume of 1,413. The stock has a market cap of $11.86 million, a P/E ratio of -41.50 and a beta of 2.10. The business has a 50-day simple moving average of $1.76 and a 200 day simple moving average of $1.56. FalconStor Software has a 1-year low of $1.05 and a 1-year high of $2.60.

FalconStor Software (OTCMKTS:FALC) last released its quarterly earnings results on Wednesday, February 26th. The software maker reported ($0.04) earnings per share for the quarter. FalconStor Software had a negative return on equity of 8.94% and a net margin of 13.98%. The firm had revenue of $2.84 million for the quarter.

About FalconStor Software

FalconStor Software, Inc, a storage software company, enables enterprise customers and managed service providers to secure, migrate, and protect their data worldwide. It offers FalconStor Virtual Tape Library, a software that emulates and replaces cumbersome physical tape libraries for archive related data preservation without being replacing their enterprise backup and archive software and associated processes; FalconStor StorSafe, a long-term archive data management software; FalconStor Continuous Data Protector delivers instant data availability, and reliable recovery; and FalconStor Network Storage Server for data storage virtualization and business continuity in heterogeneous environments.