Short Interest in Qualstar Corporation (OTCMKTS:QBAKD) Rises By ?

Qualstar Corporation (OTCMKTS:QBAKD) saw a large growth in short interest in May. As of May 15th, there was short interest totaling 1,249 shares, a growth of ? from the April 30th total of 0 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 1,809 shares, the days-to-cover ratio is currently 0.7 days.

Qualstar Stock Performance

QBAKD stock opened at $3.90 on Wednesday. The stock’s 50 day simple moving average is $4.42 and its 200 day simple moving average is $5.53. Qualstar has a fifty-two week low of $2.25 and a fifty-two week high of $6.92. The company has a market cap of $7.34 million, a P/E ratio of 129.87 and a beta of 0.18.

Qualstar (OTCMKTS:QBAKD) last posted its quarterly earnings results on Monday, March 30th. The company reported ($0.13) earnings per share for the quarter. The company had revenue of $1.49 million during the quarter.

Qualstar Company Profile

Qualstar Corporation is a designer and manufacturer of automated magnetic tape library and data storage products. The company’s offerings include modular tape library modules, standalone autoloaders, and multi-frame library systems that integrate with a variety of tape media standards such as LTO, DLT and SDLT. Qualstar’s solutions leverage robotic tape handling to deliver high-capacity, reliable and cost-effective backup and archival storage for data centers.

These tape library systems are engineered for scalability, allowing organizations to expand storage capacity incrementally as data retention needs grow.