Short Interest in FalconStor Software, Inc. (OTCMKTS:FALC) Drops By 45.0%

FalconStor Software, Inc. (OTCMKTS:FALC) saw a significant decline in short interest in April. As of April 30th, there was short interest totaling 1,373 shares, a decline of 45.0% from the April 15th total of 2,497 shares. Based on an average trading volume of 2,822 shares, the short-interest ratio is presently 0.5 days. Approximately 0.0% of the shares of the stock are short sold.

FalconStor Software Price Performance

OTCMKTS:FALC remained flat at $2.85 during midday trading on Friday. 1,003 shares of the company traded hands, compared to its average volume of 8,098. FalconStor Software has a one year low of $0.90 and a one year high of $3.30. The stock has a 50-day simple moving average of $2.42 and a two-hundred day simple moving average of $1.81. The firm has a market cap of $20.39 million, a P/E ratio of 21.92 and a beta of 0.31.

FalconStor Software (OTCMKTS:FALC) last announced 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 11.30%.

About FalconStor Software

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.