Short Interest in FalconStor Software, Inc. (OTCMKTS:FALC) Rises By 59.0%

FalconStor Software, Inc. (OTCMKTS:FALC) was the target of a significant growth in short interest in December. As of December 15th, there was short interest totaling 2,449 shares, a growth of 59.0% from the November 30th total of 1,540 shares. Based on an average daily trading volume, of 10,811 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the company’s stock are sold short. Currently, 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 10,811 shares, the days-to-cover ratio is presently 0.2 days.

FalconStor Software Price Performance

Shares of OTCMKTS:FALC traded down $0.25 during midday trading on Monday, reaching $1.15. The company had a trading volume of 3,625 shares, compared to its average volume of 2,068. The stock has a market capitalization of $8.22 million, a P/E ratio of -4.11 and a beta of 0.48. The stock’s fifty day moving average price is $1.47 and its 200-day moving average price is $1.73. FalconStor Software has a one year low of $0.90 and a one year high of $2.79.

FalconStor Software (OTCMKTS:FALC) last announced its quarterly earnings data on Wednesday, November 5th. The software maker reported ($0.07) earnings per share for the quarter. FalconStor Software had a negative return on equity of 2.03% and a negative net margin of 2.69%.

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.