Split History
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Overland Storage is a provider of unified data management and data protection solutions. Co. develops and delivers a set of products and services for storing data throughout the organization. Co.'s products include its SnapScale™ clustered network attached storage products; SnapServer® products, which are unified network attached storage servers; and SnapSAN® products, which are storage area network arrays. These solutions are available with backup, replication, and mirroring software, and they provide disk-based data protection to protect data for both continuous local backup and remote disaster recovery. Co.'s NEO Series®, StorageLoader®, and StorageLibrary® are tape library solutions. According to our OVRL split history records, OVRL has had 2 splits.
OVRL split history picture
OVRL (OVRL) has 2 splits in our OVRL split history database. The first split for OVRL took place on December 09, 2009. This was a 1 for 3 reverse split, meaning for each 3 shares of OVRL owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 333.333333333333 share position following the split. OVRL's second split took place on April 10, 2014. This was a 1 for 5 reverse split, meaning for each 5 shares of OVRL owned pre-split, the shareholder now owned 1 share. For example, a 333.333333333333 share position pre-split, became a 66.6666666666667 share position following the split.

When a company such as OVRL conducts a reverse share split, it is usually because shares have fallen to a lower per-share pricepoint than the company would like. This can be important because, for example, certain types of mutual funds might have a limit governing which stocks they may buy, based upon per-share price. The $5 and $10 pricepoints tend to be important in this regard. Stock exchanges also tend to look at per-share price, setting a lower limit for listing eligibility. So when a company does a reverse split, it is looking mathematically at the market capitalization before and after the reverse split takes place, and concluding that if the market capitilization remains stable, the reduced share count should result in a higher price per share.

Looking at the OVRL split history from start to finish, an original position size of 1000 shares would have turned into 66.6666666666667 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into OVRL shares, starting with a $10,000 purchase of OVRL, presented on a split-history-adjusted basis factoring in the complete OVRL split history. OVRL split adjusted history picture

Growth of $10,000.00
Without Dividends Reinvested

Start date: 06/25/2014
End date: 12/02/2014
Start price/share: $4.07
End price/share: $3.48
Dividends collected/share: $0.00
Total return: -14.50%
Annualized Gain: -33.07%
Starting investment: $10,000.00
Ending investment: $8,550.00
Years: 0.44
Date Ratio
12/09/20091 for 3
04/10/20141 for 5
OVRL is categorized under the Technology sector; below are some other companies in the same sector that also have a history of stock splits:

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