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

Qualstar Corporation (OTCMKTS:QBAK) was the target of a significant decline in short interest in February. As of February 27th, there was short interest totaling 77 shares, a decline of 87.5% from the February 12th total of 614 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average trading volume of 1,208 shares, the short-interest ratio is presently 0.1 days. Based on an average trading volume of 1,208 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company’s shares are sold short.

Qualstar Trading Down 0.9%

OTCMKTS:QBAK traded down $0.16 during trading hours on Tuesday, reaching $18.14. 600 shares of the company traded hands, compared to its average volume of 1,022. The business’s 50-day moving average price is $19.29 and its two-hundred day moving average price is $16.61. The stock has a market capitalization of $25.04 million, a P/E ratio of 44.25 and a beta of -0.26. Qualstar has a 1 year low of $5.50 and a 1 year high of $20.75.

Qualstar Company Profile

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.