FalconStor Software, Inc. (OTCMKTS:FALC) Sees Significant Growth in Short Interest

FalconStor Software, Inc. (OTCMKTS:FALC) was the target of a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 352 shares, an increase of 144.4% from the May 14th total of 144 shares. Based on an average trading volume of 5,200 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are sold short.

FalconStor Software Stock Performance

OTCMKTS FALC traded up $0.03 on Friday, reaching $2.61. The company had a trading volume of 200 shares, compared to its average volume of 5,706. The firm has a market capitalization of $18.67 million, a price-to-earnings ratio of 20.08 and a beta of 0.36. FalconStor Software has a 1-year low of $0.90 and a 1-year high of $3.30. The company’s fifty day moving average is $2.62 and its 200-day moving average is $1.99.

FalconStor Software (OTCMKTS:FALC) last announced its earnings results on Wednesday, May 6th. The software maker reported $0.12 earnings per share for the quarter. FalconStor Software had a net margin of 18.06% and a negative return on equity of 11.53%.

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.