FalconStor Software, Inc. (OTCMKTS:FALC) Short Interest Down 10.0% in October

FalconStor Software, Inc. (OTCMKTS:FALC) was the recipient of a large decline in short interest in the month of October. As of October 15th, there was short interest totalling 900 shares, a decline of 10.0% from the September 30th total of 1,000 shares. Based on an average trading volume of 1,800 shares, the short-interest ratio is presently 0.5 days.

FalconStor Software Stock Performance

Shares of FALC opened at $1.45 on Friday. The business has a 50-day simple moving average of $1.36 and a two-hundred day simple moving average of $1.70. FalconStor Software has a 52 week low of $0.70 and a 52 week high of $2.60.

FalconStor Software (OTCMKTS:FALC) last released its earnings results on Wednesday, August 7th. The software maker reported ($0.07) EPS for the quarter. The firm had revenue of $2.36 million for the quarter. FalconStor Software had a negative return on equity of 9.90% and a net margin of 14.90%.

About FalconStor Software

FalconStor Software, Inc, a storage software company, enables enterprise customers and managed service providers to secure, migrate, and protect their data worldwide. It offers FalconStor Virtual Tape Library, a software that emulates and replaces cumbersome physical tape libraries for archive related data preservation without being replacing their enterprise backup and archive software and associated processes; FalconStor StorSafe, a long-term archive data management software; FalconStor Continuous Data Protector delivers instant data availability, and reliable recovery; and FalconStor Network Storage Server for data storage virtualization and business continuity in heterogeneous environments.