FalconStor Software, Inc. (OTCMKTS:FALC) Short Interest Down 45.0% in April

FalconStor Software, Inc. (OTCMKTS:FALC) was the recipient of a large drop in short interest during the month of April. As of April 30th, there was short interest totaling 1,373 shares, a drop of 45.0% from the April 15th total of 2,497 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 2,822 shares, the short-interest ratio is currently 0.5 days.

FalconStor Software Stock Performance

Shares of FALC stock remained flat at $2.85 on Monday. The stock had a trading volume of 119 shares, compared to its average volume of 6,313. The firm has a market cap of $20.38 million, a PE ratio of 21.92 and a beta of 0.31. FalconStor Software has a 52-week low of $0.90 and a 52-week high of $3.30. The stock’s 50-day simple moving average is $2.42 and its 200 day simple moving average is $1.82.

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

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.