Short Interest in Qualstar Corporation (OTCMKTS:QBAK) Expands By 1,016.4%

Qualstar Corporation (OTCMKTS:QBAK) was the target of a large increase in short interest in February. As of February 13th, there was short interest totaling 614 shares, an increase of 1,016.4% from the January 29th total of 55 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average trading volume of 2,211 shares, the days-to-cover ratio is currently 0.3 days. Based on an average trading volume of 2,211 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.1% of the company’s shares are short sold.

Qualstar Trading Down 3.8%

OTCMKTS:QBAK traded down $0.73 during trading hours on Wednesday, hitting $18.40. 444 shares of the stock traded hands, compared to its average volume of 890. The firm has a market cap of $25.39 million, a price-to-earnings ratio of 44.88 and a beta of -0.26. Qualstar has a fifty-two week low of $5.50 and a fifty-two week high of $20.75. The firm has a 50 day moving average price of $19.35 and a 200 day moving average price of $15.92.

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.