FalconStor Software, Inc. (OTCMKTS:FALC – Get Free Report) was the target of a large decrease in short interest in the month of September. As of September 15th, there was short interest totaling 621 shares, a decrease of 78.7% from the August 31st total of 2,918 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 889 shares, the short-interest ratio is presently 0.7 days.
FalconStor Software Price Performance
OTCMKTS:FALC traded up $0.04 during midday trading on Friday, reaching $1.74. The stock had a trading volume of 2,500 shares, compared to its average volume of 582. The stock has a market capitalization of $12.46 million, a P/E ratio of 10.88 and a beta of 0.37. FalconStor Software has a 1-year low of $0.90 and a 1-year high of $3.30. The firm’s fifty day simple moving average is $1.86 and its 200-day simple moving average is $2.32.
FalconStor Software (OTCMKTS:FALC – Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The software maker reported ($0.08) earnings per share (EPS) for the quarter. The firm had revenue of $2.63 million for the quarter. FalconStor Software had a net margin of 18.93% and a negative return on equity of 12.83%.
FalconStor Software Company Profile
FalconStor Software, Inc develops data protection and storage management software for businesses, service providers and other organizations. Its solutions are designed to help customers protect, manage, recover and migrate data across physical, virtual and cloud-based environments.
The company’s product portfolio has included software-defined storage and data protection technologies such as FalconStor StorSafe, FreeStor, Network Storage Server and Continuous Data Protector. These offerings support functions including backup and recovery, storage virtualization, deduplication, disaster recovery and movement of data between on-premises infrastructure and cloud environments.
Founded in 2000, FalconStor has served customers through direct and channel-based relationships in multiple international markets.
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