Qualstar Corporation (OTCMKTS:QBAK) Sees Large Decrease in Short Interest

Qualstar Corporation (OTCMKTS:QBAK) was the target of a significant decrease in short interest in the month of January. As of January 30th, there was short interest totaling 55 shares, a decrease of 95.2% from the January 15th total of 1,142 shares. Based on an average trading volume of 1,123 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s shares are sold short. Currently, 0.0% of the company’s shares are sold short. Based on an average trading volume of 1,123 shares, the days-to-cover ratio is presently 0.0 days.

Qualstar Stock Down 2.0%

Shares of QBAK stock opened at $19.20 on Thursday. The stock has a 50-day moving average price of $19.23 and a 200 day moving average price of $15.11. The firm has a market cap of $26.52 million, a price-to-earnings ratio of 46.83 and a beta of -0.26. Qualstar has a 12 month low of $5.50 and a 12 month high of $20.75.

Qualstar (OTCMKTS:QBAK) last released its earnings results on Wednesday, November 12th. The company reported $0.15 earnings per share (EPS) for the quarter. The business had revenue of $2.02 million for the quarter.

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.