Quantum Co. (NASDAQ:QMCO) Short Interest Up 37.4% in December

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

Wall Street Analysts Forecast Growth

Separately, Northland Securities reaffirmed 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 Transactions at Quantum

In other Quantum news, CEO James J. Lerner sold 6,505 shares of Quantum 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 directly owns 107,491 shares of the company’s stock, valued at $476,185.13. The trade was a 5.71 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CRO Henk Jan Spanjaard sold 935 shares of the stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $35.68, for a total value of $33,360.80. Following the sale, the executive now directly owns 14,903 shares of the company’s stock, valued at approximately $531,739.04. This trade represents a 5.90 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 22,490 shares of company stock worth $316,162. 3.90% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Quantum

An institutional investor recently bought a new position in Quantum stock. Arkadios Wealth Advisors purchased a new position in Quantum Co. (NASDAQ:QMCO) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 8,642 shares of the company’s stock, valued at approximately $466,000. Arkadios Wealth Advisors owned 0.18% of Quantum as of its most recent SEC filing. Hedge funds and other institutional investors own 63.66% of the company’s stock.

Quantum Stock Performance

NASDAQ:QMCO traded down $5.97 during trading hours on Friday, hitting $32.60. The company had a trading volume of 1,578,688 shares, compared to its average volume of 3,819,317. The stock has a 50-day moving average price of $27.38 and a 200 day moving average price of $12.87. Quantum has a 52 week low of $2.22 and a 52 week high of $90.64.

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.