FalconStor Software, Inc. (OTCMKTS:FALC) Stock Short Interest Climbs 3,716.7%

FalconStor Software, Inc. (OTCMKTS:FALC) saw a large growth in short interest during the month of October. As of October 30th, there was short interest totaling 229 shares, a growth of 3,716.7% from the October 15th total of 6 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 148 shares, the short-interest ratio is presently 1.5 days.

FalconStor Software Price Performance

FALC stock opened at $1.53 on Thursday. FalconStor Software has a 12 month low of $0.90 and a 12 month high of $3.30. The firm has a market cap of $10.94 million, a PE ratio of 7.29 and a beta of 0.48. The firm has a 50 day simple moving average of $1.66 and a 200 day simple moving average of $2.11.

FalconStor Software (OTCMKTS:FALC) last posted its quarterly earnings results on Tuesday, November 10th. The software maker reported ($0.02) earnings per share (EPS) for the quarter. The business had revenue of $3.26 million during the quarter. FalconStor Software had a negative return on equity of 15.04% and a net margin of 20.49%.

FalconStor Software Company Profile

FalconStor Software, Inc. develops software designed to help organizations protect, manage and recover business data. Its solutions have focused on data protection, backup and disaster recovery, storage virtualization, and business continuity for physical, virtual and cloud environments. The company has offered products and platforms supporting centralized backup management, continuous data protection, replication, storage resource management and recovery operations. FalconStor’s technologies are intended to help businesses reduce data loss, improve system availability and simplify the administration of heterogeneous storage infrastructures.