Quantum Co. (NASDAQ:QMCO) Short Interest Up 215.8% in November

Quantum Co. (NASDAQ:QMCO) saw a large increase in short interest in the month of November. As of November 30th, there was short interest totalling 693,500 shares, an increase of 215.8% from the November 15th total of 219,600 shares. Based on an average daily trading volume, of 1,740,000 shares, the short-interest ratio is currently 0.4 days. Currently, 18.2% of the company’s shares are sold short.

Quantum Stock Down 3.0 %

Shares of QMCO traded down $0.60 during trading hours on Wednesday, hitting $19.61. 4,476,546 shares of the stock were exchanged, compared to its average volume of 512,590. The stock’s 50-day moving average price is $7.06 and its two-hundred day moving average price is $6.77. Quantum has a 12-month low of $2.22 and a 12-month high of $33.00.

Insider Buying and Selling at Quantum

In other Quantum news, CEO James J. Lerner sold 6,505 shares of the company’s stock in a transaction 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 completion of the sale, the chief executive officer now owns 107,491 shares in the company, valued at $476,185.13. This represents a 5.71 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold a total of 15,561 shares of company stock valued at $68,935 in the last three months. Company insiders own 3.90% of the company’s stock.

Analysts Set New Price Targets

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

About Quantum

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.