FalconStor Software, Inc. (OTCMKTS:FALC – Get Free Report) was the target of a large drop in short interest in September. As of September 15th, there was short interest totaling 621 shares, a drop of 78.7% from the August 31st total of 2,918 shares. Based on an average daily volume of 889 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.0% of the company’s stock are sold short.
FalconStor Software Price Performance
Shares of FalconStor Software stock traded up $0.04 during trading on Friday, hitting $1.74. 2,500 shares of the stock were exchanged, compared to its average volume of 582. The firm’s 50-day moving average price is $1.86 and its 200 day moving average price is $2.32. The stock has a market cap of $12.46 million, a price-to-earnings ratio of 10.88 and a beta of 0.37. FalconStor Software has a 12-month low of $0.90 and a 12-month high of $3.30.
FalconStor Software (OTCMKTS:FALC – Get Free Report) last posted its earnings results on Wednesday, August 5th. The software maker reported ($0.08) EPS for the quarter. FalconStor Software had a net margin of 18.93% and a negative return on equity of 12.83%. The business had revenue of $2.63 million during the quarter.
About FalconStor Software
FalconStor Software, Inc develops data protection and storage management software for businesses, service providers and other organizations. Its solutions are designed to help customers protect, manage, recover and migrate data across physical, virtual and cloud-based environments.
The company’s product portfolio has included software-defined storage and data protection technologies such as FalconStor StorSafe, FreeStor, Network Storage Server and Continuous Data Protector. These offerings support functions including backup and recovery, storage virtualization, deduplication, disaster recovery and movement of data between on-premises infrastructure and cloud environments.
Founded in 2000, FalconStor has served customers through direct and channel-based relationships in multiple international markets.
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