Short Interest in FalconStor Software, Inc. (OTCMKTS:FALC) Drops By 45.0%

FalconStor Software, Inc. (OTCMKTS:FALC) was the recipient of a significant decrease in short interest in the month of April. As of April 30th, there was short interest totaling 1,373 shares, a decrease of 45.0% from the April 15th total of 2,497 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 2,822 shares, the days-to-cover ratio is currently 0.5 days.

FalconStor Software Stock Performance

Shares of FalconStor Software stock remained flat at $2.85 during trading on Friday. 1,003 shares of the stock traded hands, compared to its average volume of 8,098. The stock has a market capitalization of $20.39 million, a price-to-earnings ratio of 21.92 and a beta of 0.31. FalconStor Software has a 52-week low of $0.90 and a 52-week high of $3.30. The company’s 50 day moving average price is $2.42 and its 200-day moving average price is $1.81.

FalconStor Software (OTCMKTS:FALC) last released its quarterly earnings results on Wednesday, May 6th. The software maker reported $0.12 earnings per share for the quarter. FalconStor Software had a net margin of 18.06% and a negative return on equity of 11.30%.

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.