FalconStor Software, Inc. (OTCMKTS:FALC) Short Interest Up 792.0% in July

FalconStor Software, Inc. (OTCMKTS:FALC) was the recipient of a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 2,890 shares, a growth of 792.0% from the July 15th total of 324 shares. Based on an average daily trading volume, of 12,432 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the company’s shares are short sold.

FalconStor Software Stock Performance

Shares of FALC stock opened at $1.42 on Wednesday. The company has a market cap of $10.15 million, a PE ratio of 8.88 and a beta of 0.42. The company’s fifty day simple moving average is $2.53 and its 200-day simple moving average is $2.33. FalconStor Software has a 52 week low of $0.90 and a 52 week high of $3.30.

FalconStor Software (OTCMKTS:FALC) last posted its earnings results on Wednesday, August 5th. The software maker reported ($0.08) earnings per share (EPS) for the quarter. The company had revenue of $2.63 million during the quarter. FalconStor Software had a net margin of 18.93% and a negative return on equity of 12.76%.

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.