Short Interest in Qualstar Co. (OTCMKTS:QBAK) Rises By 400.0%

Qualstar Co. (OTCMKTS:QBAK) was the target of a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 500 shares, a growth of 400.0% from the February 29th total of 100 shares. Based on an average daily volume of 8,000 shares, the short-interest ratio is presently 0.1 days.

Qualstar Price Performance

QBAK remained flat at $6.40 on Thursday. Qualstar has a 52-week low of $2.10 and a 52-week high of $7.51. The firm’s 50 day moving average is $5.41 and its 200-day moving average is $4.03.

Qualstar (OTCMKTS:QBAK) last issued its quarterly earnings results on Wednesday, February 14th. The company reported $0.21 earnings per share (EPS) for the quarter. The firm had revenue of $3.40 million for the quarter.

Qualstar Company Profile

Qualstar Corporation engages in power solutions and data storage systems businesses worldwide. The company operates through two segments, Power Solutions and Data Storage Systems. It provides data storage systems under the Qualstar brand and power solutions under the N2Power brand. The company designs, manufactures, and sells switching power supplies that are used to convert AC line voltage to DC voltages; or DC voltages to other DC voltages for use in various electronic equipment, such as telecommunications equipment, machine tools, routers, switches, wireless systems, and gaming devices.