Qualstar Co. (NASDAQ:QBAK) saw a significant increase in short interest in the month of March. As of March 13th, there was short interest totalling 700 shares, an increase of 600.0% from the February 27th total of 100 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 5,100 shares, the days-to-cover ratio is presently 0.1 days.

Separately, ValuEngine raised shares of Qualstar from a “hold” rating to a “buy” rating in a report on Friday, March 20th.

NASDAQ QBAK traded up $0.04 on Thursday, hitting $2.35. The stock had a trading volume of 25,900 shares, compared to its average volume of 8,421. Qualstar has a 52-week low of $2.09 and a 52-week high of $6.50. The business’s fifty day moving average price is $4.47 and its 200 day moving average price is $5.36. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.57 and a quick ratio of 2.57. The stock has a market cap of $4.47 million, a price-to-earnings ratio of -235.00 and a beta of 0.63.

Qualstar (NASDAQ:QBAK) last posted its quarterly earnings data on Thursday, March 19th. The electronics maker reported ($0.10) EPS for the quarter. Qualstar had a negative return on equity of 0.10% and a negative net margin of 0.05%. The company had revenue of $3.44 million for the quarter.

About Qualstar

Qualstar Corporation engages in power solutions and data storage systems businesses worldwide. 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.

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