Short Interest in Quantum Corporation (NASDAQ:QMCO) Expands By 23.4%

Quantum Corporation (NASDAQ:QMCO) was the recipient of a significant growth in short interest in February. As of February 13th, there was short interest totaling 2,100,850 shares, a growth of 23.4% from the January 29th total of 1,702,614 shares. Based on an average trading volume of 523,685 shares, the days-to-cover ratio is presently 4.0 days. Approximately 14.5% of the shares of the company are sold short. Approximately 14.5% of the shares of the company are sold short. Based on an average trading volume of 523,685 shares, the days-to-cover ratio is presently 4.0 days.

Hedge Funds Weigh In On Quantum

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD purchased a new position in Quantum in the fourth quarter worth $103,000. Barclays PLC lifted its stake in Quantum by 3,020.2% during the fourth quarter. Barclays PLC now owns 14,197 shares of the company’s stock worth $92,000 after purchasing an additional 13,742 shares during the last quarter. Marshall Wace LLP purchased a new position in shares of Quantum in the 4th quarter worth about $140,000. State Street Corp increased its position in shares of Quantum by 231.7% during the 4th quarter. State Street Corp now owns 90,714 shares of the company’s stock valued at $585,000 after purchasing an additional 63,367 shares during the last quarter. Finally, LPL Financial LLC purchased a new position in shares of Quantum during the 4th quarter valued at about $118,000. Hedge funds and other institutional investors own 63.66% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Quantum in a research note on Monday, December 29th. Wall Street Zen raised Quantum from a “sell” rating to a “hold” rating in a research report on Saturday, February 21st. Northland Securities upgraded Quantum from a “market perform” rating to an “outperform” rating and set a $13.00 price objective on the stock in a research note on Friday, November 14th. Finally, Lake Street Capital set a $7.00 target price on Quantum in a research note on Wednesday, February 18th. Three investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $13.33.

Quantum Price Performance

Shares of QMCO traded down $0.66 during midday trading on Tuesday, hitting $4.64. 1,117,440 shares of the company traded hands, compared to its average volume of 592,720. Quantum has a one year low of $4.50 and a one year high of $24.40. The firm has a market cap of $67.92 million, a P/E ratio of -1.97 and a beta of 2.66. The stock has a 50-day moving average of $6.57 and a 200-day moving average of $8.03.

Quantum (NASDAQ:QMCO) last issued its quarterly earnings data on Tuesday, February 17th. The company reported ($0.36) EPS for the quarter, beating the consensus estimate of ($0.45) by $0.09. The firm had revenue of $74.59 million for the quarter, compared to analysts’ expectations of $66.36 million. Quantum has set its Q4 2026 guidance at -0.430–0.230 EPS. Sell-side analysts forecast that Quantum will post -5.5 EPS for the current fiscal year.

Quantum Company Profile

Quantum Corporation (NASDAQ: QMCO) is a technology company that develops and delivers data management and storage solutions for businesses and organizations worldwide. The company’s product portfolio includes hardware, software and cloud-based offerings designed to address backup, archive, primary storage and long-term retention needs. Quantum’s solutions are geared toward data-intensive environments such as media and entertainment, surveillance, government, education and healthcare, where large volumes of digital content must be reliably stored, managed and accessed.

Quantum’s flagship products include the StorNext® data management platform, which provides high-performance shared file storage and workflow acceleration, and the DXi® series of deduplication appliances, which optimize backup and recovery by reducing storage footprints and data transfer times.