Quantum Co. (NASDAQ:QMCO) Short Interest Update

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

Quantum Price Performance

QMCO traded down $8.24 during trading on Tuesday, hitting $53.92. 1,809,534 shares of the company traded hands, compared to its average volume of 757,736. Quantum has a one year low of $2.22 and a one year high of $90.64. The stock’s fifty day moving average is $18.64 and its 200 day moving average is $10.23.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at Quantum

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

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.