Qualstar Corporation (OTCMKTS:QBAK) Short Interest Update

Qualstar Corporation (OTCMKTS:QBAK) saw a significant decline in short interest during the month of January. As of January 30th, there was short interest totaling 55 shares, a decline of 95.2% from the January 15th total of 1,142 shares. Based on an average trading volume of 1,123 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are sold short. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 1,123 shares, the short-interest ratio is currently 0.0 days.

Qualstar Trading Down 2.0%

Shares of QBAK traded down $0.40 during mid-day trading on Wednesday, hitting $19.20. 230 shares of the company traded hands, compared to its average volume of 1,335. The business has a 50-day moving average of $19.19 and a 200 day moving average of $15.08. Qualstar has a one year low of $5.50 and a one year high of $20.75. The stock has a market capitalization of $26.50 million, a price-to-earnings ratio of 46.83 and a beta of -0.26.

Qualstar (OTCMKTS:QBAK) last posted its quarterly earnings data on Wednesday, November 12th. The company reported $0.15 earnings per share (EPS) for the quarter. The firm had revenue of $2.02 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.