Qualstar Corporation (OTCMKTS:QBAKD) Short Interest Up ∞ in May

Qualstar Corporation (OTCMKTS:QBAKD) was the target of a significant growth in short interest during the month of May. As of May 15th, there was short interest totaling 1,249 shares, a growth of ∞ from the April 30th total of 0 shares. Based on an average daily trading volume, of 1,809 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.1% of the shares of the company are sold short.

Qualstar Stock Performance

Shares of Qualstar stock traded down $0.00 on Monday, reaching $3.90. The stock had a trading volume of 112 shares, compared to its average volume of 2,925. The business’s 50-day moving average price is $4.46 and its two-hundred day moving average price is $5.54. Qualstar has a fifty-two week low of $2.25 and a fifty-two week high of $6.92. The stock 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 issued its quarterly earnings data on Monday, March 30th. The company reported ($0.13) earnings per share for the quarter. The firm had revenue of $1.49 million for the quarter.

About Qualstar

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.