Qualstar Corporation (OTCMKTS:QBAK) Sees Large Increase in Short Interest

Qualstar Corporation (OTCMKTS:QBAK) was the recipient of a large increase in short interest during the month of December. As of December 31st, there was short interest totaling 1,256 shares, an increase of 30.2% from the December 15th total of 965 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 273 shares, the days-to-cover ratio is presently 4.6 days. Based on an average daily trading volume, of 273 shares, the days-to-cover ratio is presently 4.6 days. Currently, 0.1% of the company’s shares are sold short.

Qualstar Trading Up 3.4%

Shares of OTCMKTS QBAK opened at $19.75 on Friday. Qualstar has a 12 month low of $4.50 and a 12 month high of $20.70. The firm has a fifty day simple moving average of $17.82 and a two-hundred day simple moving average of $13.55. The firm has a market capitalization of $27.26 million, a PE ratio of 48.17 and a beta of -0.24.

Qualstar (OTCMKTS:QBAK) last posted its quarterly earnings results on Wednesday, November 12th. The company reported $0.15 earnings per share for the quarter. The business had revenue of $2.02 million during the quarter.

About Qualstar

Qualstar Corporation is a designer and manufacturer of automated magnetic tape library and data storage products. The company’s offerings include modular tape library modules, standalone autoloaders, and multi-frame library systems that integrate with a variety of tape media standards such as LTO, DLT and SDLT. Qualstar’s solutions leverage robotic tape handling to deliver high-capacity, reliable and cost-effective backup and archival storage for data centers.

These tape library systems are engineered for scalability, allowing organizations to expand storage capacity incrementally as data retention needs grow.