Short Interest in Quantum Co. (NASDAQ:QMCO) Expands By 37.4%

Quantum Co. (NASDAQ:QMCO) saw a large growth in short interest in December. As of December 31st, there was short interest totalling 1,200,000 shares, a growth of 37.4% from the December 15th total of 873,300 shares. Currently, 32.3% of the shares of the company are sold short. Based on an average daily volume of 3,020,000 shares, the short-interest ratio is currently 0.4 days.

Quantum Price Performance

Shares of Quantum stock opened at $33.50 on Thursday. The firm has a fifty day moving average price of $25.57 and a 200 day moving average price of $12.37. Quantum has a 1 year low of $2.22 and a 1 year high of $90.64.

Insider Buying and Selling

In related 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 value of $28,817.15. Following the transaction, the chief executive officer now directly owns 107,491 shares of the company’s stock, valued at $476,185.13. This represents a 5.71 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold 15,561 shares of company stock worth $68,935 in the last three months. Corporate insiders own 3.90% of the company’s stock.

Hedge Funds Weigh In On Quantum

A hedge fund recently bought a new stake in Quantum stock. Arkadios Wealth Advisors bought a new position in Quantum Co. (NASDAQ:QMCO) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 8,642 shares of the company’s stock, valued at approximately $466,000. Arkadios Wealth Advisors owned about 0.18% of Quantum as of its most recent SEC filing. 63.66% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

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.