Qualstar Corporation (OTCMKTS:QBAKD) Short Interest Up ? in May

Qualstar Corporation (OTCMKTS:QBAKD) was the target of a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 1,249 shares, an increase of ? from the April 30th total of 0 shares. Based on an average daily volume of 1,809 shares, the days-to-cover ratio is presently 0.7 days. Approximately 0.1% of the shares of the stock are short sold.

Qualstar Price Performance

Shares of QBAKD traded down $0.00 during trading hours on Monday, hitting $3.90. The stock had a trading volume of 112 shares, compared to its average volume of 2,925. Qualstar has a 52 week low of $2.25 and a 52 week high of $6.92. The company’s fifty day moving average is $4.46 and its two-hundred day moving average is $5.54. The stock has a market capitalization of $7.34 million, a price-to-earnings ratio of 129.87 and a beta of 0.18.

Qualstar (OTCMKTS:QBAKD) last issued its quarterly earnings data on Monday, March 30th. The company reported ($0.13) EPS for the quarter. The business had revenue of $1.49 million for the quarter.

About Qualstar

Qualstar Corporation is a designer and manufacturer of automated magnetic tape library and data storage products. The company’s offerings include modular tape library modules, standalone autoloaders, and multi-frame library systems that integrate with a variety of tape media standards such as LTO, DLT and SDLT. Qualstar’s solutions leverage robotic tape handling to deliver high-capacity, reliable and cost-effective backup and archival storage for data centers.

These tape library systems are engineered for scalability, allowing organizations to expand storage capacity incrementally as data retention needs grow.