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

Quantum Co. (NASDAQ:QMCO) was the target of a significant growth in short interest during the month of 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 stock are short sold. Based on an average daily volume of 3,020,000 shares, the days-to-cover ratio is currently 0.4 days.

Insider Activity

In other Quantum news, CFO Kenneth P. Gianella sold 1,487 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 transaction of $53,056.16. Following the transaction, the chief financial officer now owns 33,681 shares of the company’s stock, valued at $1,201,738.08. This trade represents a 4.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO James J. Lerner sold 6,505 shares of the 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 approximately $476,185.13. This represents a 5.71 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 22,490 shares of company stock worth $316,162 over the last ninety days. 3.90% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Quantum

An institutional investor recently bought a new position in Quantum stock. Arkadios Wealth Advisors acquired a new position in shares of Quantum Co. (NASDAQ:QMCO) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 8,642 shares of the company’s stock, valued at approximately $466,000. Arkadios Wealth Advisors owned approximately 0.18% of Quantum at the end of the most recent reporting period. Institutional investors own 63.66% of the company’s stock.

Quantum Stock Performance

Quantum stock traded down $5.97 during midday trading on Friday, hitting $32.60. 1,578,688 shares of the stock were exchanged, compared to its average volume of 3,819,317. Quantum has a 1 year low of $2.22 and a 1 year high of $90.64. The company has a 50 day moving average price of $27.38 and a two-hundred day moving average price of $12.87.

Analyst Upgrades and Downgrades

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