Short Interest in FalconStor Software, Inc. (OTCMKTS:FALC) Declines By 98.3%

FalconStor Software, Inc. (OTCMKTS:FALC) saw a large decrease in short interest in the month of June. As of June 15th, there was short interest totaling 6 shares, a decrease of 98.3% from the May 31st total of 352 shares. Based on an average trading volume of 6,749 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are short sold.

FalconStor Software Price Performance

OTCMKTS:FALC traded up $0.10 during mid-day trading on Friday, reaching $2.90. The stock had a trading volume of 1,104 shares, compared to its average volume of 2,205. FalconStor Software has a 12 month low of $0.90 and a 12 month high of $3.30. The stock has a market capitalization of $20.75 million, a PE ratio of 22.31 and a beta of 0.36. The stock has a 50-day simple moving average of $2.68 and a two-hundred day simple moving average of $2.08.

FalconStor Software (OTCMKTS:FALC) last released its earnings results on Wednesday, May 6th. The software maker reported $0.12 earnings per share for the quarter. FalconStor Software had a negative return on equity of 11.53% and a net margin of 18.06%.

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.