FalconStor Software, Inc. (OTCMKTS:FALC – Get Free Report) was the target of a significant growth in short interest in June. As of June 30th, there was short interest totaling 106 shares, a growth of 1,666.7% from the June 15th total of 6 shares. Based on an average daily trading volume, of 1,296 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are short sold.
FalconStor Software Stock Down 1.2%
OTCMKTS:FALC traded down $0.03 during trading hours on Friday, reaching $2.57. 957 shares of the company’s stock were exchanged, compared to its average volume of 1,825. The company has a market capitalization of $18.38 million, a P/E ratio of 19.77 and a beta of 0.37. FalconStor Software has a 12 month low of $0.90 and a 12 month high of $3.30. The business’s 50-day simple moving average is $2.74 and its two-hundred day simple moving average is $2.17.
FalconStor Software (OTCMKTS:FALC – Get Free Report) last released its quarterly earnings results on Wednesday, May 6th. The software maker reported $0.12 earnings per share (EPS) for the quarter. FalconStor Software had a net margin of 18.06% and a negative return on equity of 11.53%.
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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