Short Interest in FalconStor Software, Inc. (OTCMKTS:FALC) Grows By 59.0%

FalconStor Software, Inc. (OTCMKTS:FALC) was the target of a large growth in short interest in the month of December. As of December 15th, there was short interest totaling 2,449 shares, a growth of 59.0% from the November 30th total of 1,540 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 10,811 shares, the short-interest ratio is presently 0.2 days. Based on an average daily trading volume, of 10,811 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the company’s shares are sold short.

FalconStor Software Trading Down 25.7%

FALC stock opened at $1.04 on Tuesday. The stock has a market capitalization of $7.44 million, a price-to-earnings ratio of -3.71 and a beta of 0.48. The firm’s 50-day moving average price is $1.47 and its two-hundred day moving average price is $1.72. FalconStor Software has a 12-month low of $0.90 and a 12-month high of $2.79.

FalconStor Software (OTCMKTS:FALC) last posted its earnings results on Wednesday, November 5th. The software maker reported ($0.07) earnings per share (EPS) for the quarter. FalconStor Software had a negative return on equity of 2.03% and a negative net margin of 2.69%.

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.