FalconStor Software, Inc. (OTCMKTS:FALC) Short Interest Up 1,666.7% in June

FalconStor Software, Inc. (OTCMKTS:FALC) was the recipient of a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 106 shares, an increase of 1,666.7% from the June 15th total of 6 shares. Based on an average daily volume of 1,296 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are sold short.

FalconStor Software Trading Down 1.2%

FalconStor Software stock traded down $0.03 during trading hours on Friday, reaching $2.57. 957 shares of the company were exchanged, compared to its average volume of 1,825. FalconStor Software has a 12 month low of $0.90 and a 12 month high of $3.30. The stock has a 50-day moving average of $2.74 and a 200 day moving average of $2.17. The firm has a market cap of $18.38 million, a price-to-earnings ratio of 19.77 and a beta of 0.37.

FalconStor Software (OTCMKTS:FALC) last issued its quarterly earnings data 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 11.53%.

FalconStor Software Company Profile

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.