Short Interest in FalconStor Software, Inc. (OTCMKTS:FALC) Decreases By 98.3%

FalconStor Software, Inc. (OTCMKTS:FALC) saw a large decrease in short interest in the month of June. As of June 15th, there was short interest totaling 6 shares, a decrease of 98.3% from the May 31st total of 352 shares. Based on an average daily trading volume, of 6,749 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the company’s shares are short sold.

FalconStor Software Price Performance

FALC stock remained flat at $2.80 during mid-day trading on Friday. 1,893 shares of the company’s stock were exchanged, compared to its average volume of 2,143. FalconStor Software has a fifty-two week low of $0.90 and a fifty-two week high of $3.30. The firm has a market cap of $20.02 million, a PE ratio of 21.54 and a beta of 0.36. The company has a 50 day simple moving average of $2.67 and a 200-day simple moving average of $2.07.

FalconStor Software (OTCMKTS:FALC) last released its 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.