FalconStor Software, Inc. (OTCMKTS:FALC) Sees Large Growth in Short Interest

FalconStor Software, Inc. (OTCMKTS:FALC) saw a large growth in short interest during the month of August. As of August 31st, there was short interest totalling 400 shares, a growth of 33.3% from the August 15th total of 300 shares. Based on an average trading volume of 2,000 shares, the days-to-cover ratio is currently 0.2 days.

FalconStor Software Trading Down 9.4 %

FALC stock traded down $0.13 on Monday, hitting $1.25. 7,500 shares of the company’s stock traded hands, compared to its average volume of 2,051. The stock has a market cap of $8.92 million, a price-to-earnings ratio of -23.00 and a beta of 2.16. FalconStor Software has a 1-year low of $0.57 and a 1-year high of $2.60. The stock has a fifty day moving average of $1.64 and a 200-day moving average of $1.82.

FalconStor Software (OTCMKTS:FALC) last posted its quarterly earnings results on Wednesday, August 7th. The software maker reported ($0.07) earnings per share (EPS) for the quarter. The company had revenue of $2.36 million during the quarter. FalconStor Software had a net margin of 14.90% and a negative return on equity of 9.90%.

FalconStor Software Company Profile

FalconStor Software, Inc, a storage software company, enables enterprise customers and managed service providers to secure, migrate, and protect their data worldwide. It offers FalconStor Virtual Tape Library, a software that emulates and replaces cumbersome physical tape libraries for archive related data preservation without being replacing their enterprise backup and archive software and associated processes; FalconStor StorSafe, a long-term archive data management software; FalconStor Continuous Data Protector delivers instant data availability, and reliable recovery; and FalconStor Network Storage Server for data storage virtualization and business continuity in heterogeneous environments.