Short Interest in Quantum Co. (NASDAQ:QMCO) Rises By 25.9%

Quantum Co. (NASDAQ:QMCO) was the recipient of a significant increase in short interest in the month of December. As of December 15th, there was short interest totalling 873,300 shares, an increase of 25.9% from the November 30th total of 693,500 shares. Based on an average daily trading volume, of 2,620,000 shares, the short-interest ratio is currently 0.3 days. Approximately 21.2% of the shares of the stock are short sold.

Analyst Ratings Changes

Separately, Northland Securities reissued a “market perform” rating and set a $5.00 price target (up previously from $0.25) on shares of Quantum in a research report on Thursday, November 14th.

Insider Activity

In related news, CEO James J. Lerner sold 6,505 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $4.43, for a total transaction of $28,817.15. Following the transaction, the chief executive officer now directly owns 107,491 shares in the company, valued at $476,185.13. This trade represents a 5.71 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold a total of 15,561 shares of company stock worth $68,935 over the last ninety days. Company insiders own 3.90% of the company’s stock.

Quantum Trading Down 13.3 %

NASDAQ QMCO traded down $8.24 on Tuesday, hitting $53.92. The company’s stock had a trading volume of 1,809,534 shares, compared to its average volume of 757,736. Quantum has a 52-week low of $2.22 and a 52-week high of $90.64. The company’s 50-day simple moving average is $18.64 and its 200 day simple moving average is $10.23.

Quantum Company Profile

Quantum Corporation provides products for storing and managing digital video and unstructured data in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers Myriad All-Flash File and Object Storage Software for high performance enterprise unstructured data applications such as AI, machine learning, and data analytics; Unified Surveillance Platform Software that unified compute and storage for video surveillance recording, storage, and analytics; StorNext Hybrid Flash/Disk File Storage Software for video editing, post-production, and streaming applications, as well as digital file archives; and CatDV Asset Management Software for indexing, cataloging, enriching video, audio, and image files, and workflow orchestration.