FalconStor Software, Inc. (NASDAQ:FALC) Sees Large Increase in Short Interest

FalconStor Software, Inc. (NASDAQ:FALC) was the target of a significant increase in short interest in July. As of July 14th, there was short interest totalling 1,058,550 shares, an increase of 40.5% from the June 30th total of 753,192 shares. Currently, 3.1% of the company’s stock are short sold. Based on an average daily volume of 451,502 shares, the days-to-cover ratio is presently 2.3 days.

Shares of FalconStor Software (NASDAQ FALC) traded down 0.485% during trading on Tuesday, hitting $0.205. The stock had a trading volume of 168,284 shares. The stock has a 50-day moving average price of $0.25 and a 200 day moving average price of $0.38. FalconStor Software has a 12 month low of $0.19 and a 12 month high of $1.14. The company’s market cap is $9.10 million.

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About FalconStor Software

FalconStor Software, Inc is a Software-Defined Storage (SDS) company offering a converged data services software platform. The Company’s platform FreeStor, allows information technology (IT) organizations minimize and eliminate that complexity with the delivery of migration, continuity, protection, recovery and optimization for any storage environment through a management interface for a price based on managed capacity across arrays, servers, hypervisors, data centers, and the cloud.

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