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

Quantum Co. (NASDAQ:QMCO) saw a large 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 company are sold short. Based on an average trading volume of 3,020,000 shares, the short-interest ratio is currently 0.4 days.

Insider Buying and Selling

In other news, CEO James J. Lerner sold 6,505 shares of the firm’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $4.43, for a total transaction of $28,817.15. Following the sale, the chief executive officer now directly owns 107,491 shares in the company, valued at $476,185.13. This trade 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 the SEC website. Also, CFO Kenneth P. Gianella sold 1,487 shares of the firm’s stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $35.68, for a total value of $53,056.16. Following the sale, the chief financial officer now owns 33,681 shares in the company, valued at $1,201,738.08. This trade represents a 4.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 22,490 shares of company stock worth $316,162 in the last 90 days. 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 purchased a new position in shares of Quantum Co. (NASDAQ:QMCO) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 8,642 shares of the company’s stock, valued at approximately $466,000. Arkadios Wealth Advisors owned approximately 0.18% of Quantum as of its most recent SEC filing. Institutional investors own 63.66% of the company’s stock.

Analyst Upgrades and Downgrades

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

Quantum Stock Performance

Shares of QMCO stock traded down $5.97 on Friday, reaching $32.60. 1,578,688 shares of the stock were exchanged, compared to its average volume of 3,819,317. The business’s 50 day moving average price is $27.38 and its 200 day moving average price is $12.87. Quantum has a twelve month low of $2.22 and a twelve month 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.