FalconStor Software, Inc. (OTCMKTS:FALC) Stock Short Interest Rises 3,716.7%

FalconStor Software, Inc. (OTCMKTS:FALC) was the target of a significant growth in short interest in October. As of October 30th, there was short interest totaling 229 shares, a growth of 3,716.7% from the October 15th total of 6 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 148 shares, the days-to-cover ratio is currently 1.5 days.

FalconStor Software Stock Performance

OTCMKTS:FALC traded up $0.16 during midday trading on Tuesday, reaching $1.46. 7,803 shares of the stock traded hands, compared to its average volume of 1,015. The business has a 50-day moving average of $1.66 and a two-hundred day moving average of $2.11. The stock has a market capitalization of $10.44 million, a PE ratio of 9.13 and a beta of 0.48. FalconStor Software has a 12-month low of $0.90 and a 12-month high of $3.30.

FalconStor Software (OTCMKTS:FALC) last posted its quarterly earnings data on Tuesday, November 10th. The software maker reported ($0.02) earnings per share for the quarter. FalconStor Software had a negative return on equity of 12.83% and a net margin of 18.93%.

About FalconStor Software

FalconStor Software, Inc. develops software designed to help organizations protect, manage and recover business data. Its solutions have focused on data protection, backup and disaster recovery, storage virtualization, and business continuity for physical, virtual and cloud environments. The company has offered products and platforms supporting centralized backup management, continuous data protection, replication, storage resource management and recovery operations. FalconStor’s technologies are intended to help businesses reduce data loss, improve system availability and simplify the administration of heterogeneous storage infrastructures.