FalconStor Software, Inc. (OTCMKTS:FALC) Short Interest Up 1,666.7% in June

FalconStor Software, Inc. (OTCMKTS:FALC) was the target of a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 106 shares, a growth of 1,666.7% from the June 15th total of 6 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 1,296 shares, the short-interest ratio is currently 0.1 days.

FalconStor Software Price Performance

Shares of OTCMKTS FALC traded down $0.03 during trading hours on Friday, hitting $2.57. 957 shares of the company’s stock were exchanged, compared to its average volume of 1,825. The company’s 50-day moving average price is $2.74 and its 200-day moving average price is $2.17. FalconStor Software has a 1-year low of $0.90 and a 1-year high of $3.30. The stock has a market capitalization of $18.38 million, a price-to-earnings ratio of 19.77 and a beta of 0.37.

FalconStor Software (OTCMKTS:FALC) last posted 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 net margin of 18.06% and a negative return on equity of 11.53%.

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.