FalconStor Software, Inc. (OTCMKTS:FALC) Short Interest Down 89.5% in May

FalconStor Software, Inc. (OTCMKTS:FALC) was the recipient of a significant drop in short interest during the month of 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. Based on an average daily trading volume, of 28,892 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s shares are sold short.

FalconStor Software Stock Up 1.8%

Shares of FalconStor Software stock traded up $0.05 during trading on Friday, reaching $2.90. 2,050 shares of the stock were exchanged, compared to its average volume of 5,924. The stock’s fifty day moving average is $2.54 and its 200 day moving average is $1.90. The firm has a market cap of $20.74 million, a price-to-earnings ratio of 22.31 and a beta of 0.31. FalconStor Software has a 1 year low of $0.90 and a 1 year high of $3.30.

FalconStor Software (OTCMKTS:FALC) last posted 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 11.30%.

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.