FalconStor Software, Inc. (OTCMKTS:FALC – Get Free Report) was the target of a significant drop in short interest in May. As of May 15th, there was short interest totaling 144 shares, a drop of 89.5% from the April 30th total of 1,373 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 28,892 shares, the days-to-cover ratio is currently 0.0 days.
FalconStor Software Stock Performance
Shares of OTCMKTS FALC traded up $0.05 during mid-day trading on Friday, hitting $2.90. The stock had a trading volume of 2,050 shares, compared to its average volume of 8,523. FalconStor Software has a 1 year low of $0.90 and a 1 year high of $3.30. The business has a 50 day moving average price of $2.55 and a two-hundred day moving average price of $1.91. The firm has a market cap of $20.74 million, a P/E ratio of 22.31 and a beta of 0.31.
FalconStor Software (OTCMKTS:FALC – Get Free Report) last issued its earnings results on Wednesday, May 6th. The software maker reported $0.12 EPS for the quarter. FalconStor Software had a net margin of 18.06% and a negative return on equity of 11.30%.
FalconStor Software Company Profile
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.
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