Short Interest in FalconStor Software, Inc. (OTCMKTS:FALC) Drops By 89.5%

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

FalconStor Software Stock Performance

FalconStor Software stock traded up $0.02 during midday trading on Thursday, hitting $2.85. 644 shares of the company were exchanged, compared to its average volume of 5,979. The firm has a market capitalization of $20.39 million, a PE ratio of 21.92 and a beta of 0.31. FalconStor Software has a fifty-two week low of $0.90 and a fifty-two week high of $3.30. The business has a fifty day simple moving average of $2.53 and a two-hundred day simple moving average of $1.89.

FalconStor Software (OTCMKTS:FALC) last issued 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 negative return on equity of 11.30% and a net margin of 18.06%.

About FalconStor Software

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.