FalconStor Software, Inc. (OTCMKTS:FALC) Shares Shorted: Short Interest Up 3,716.7% in October

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

FalconStor Software Stock Performance

Shares of FALC traded up $0.16 during trading hours on Tuesday, hitting $1.46. 7,803 shares of the stock were exchanged, compared to its average volume of 1,015. FalconStor Software has a 12-month low of $0.90 and a 12-month high of $3.30. The company has a market cap of $10.44 million, a price-to-earnings ratio of 9.13 and a beta of 0.48. The stock’s 50-day moving average price is $1.66 and its two-hundred day moving average price is $2.11.

FalconStor Software (OTCMKTS:FALC) last issued its earnings results on Tuesday, November 10th. The software maker reported ($0.02) EPS for the quarter. FalconStor Software had a net margin of 18.93% and a negative return on equity of 12.83%.

About FalconStor Software

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.