Short Interest in Quantum Co. (NASDAQ:QMCO) Increases By 25.9%

Quantum Co. (NASDAQ:QMCO - Get Free Report) saw a large increase in short interest during the month of December. As of December 15th, there was short interest totalling 873,300 shares, an increase of 25.9% from the November 30th total of 693,500 shares. Currently, 21.2% of the company's shares are sold short. Based on an average daily volume of 2,620,000 shares, the days-to-cover ratio is currently 0.3 days.

Analysts Set New Price Targets

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

Quantum Price Performance

Shares of QMCO stock traded down $8.24 during trading hours on Tuesday, reaching $53.92. The company had a trading volume of 1,809,534 shares, compared to its average volume of 757,736. The stock's fifty day simple moving average is $18.64 and its 200 day simple moving average is $10.23. Quantum has a twelve month low of $2.22 and a twelve month high of $90.64.

Insider Buying and Selling at Quantum

In other news, CEO James J. Lerner sold 6,505 shares of Quantum stock in a transaction dated 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 transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders have sold a total of 15,561 shares of company stock worth $68,935 in the last quarter. 3.90% of the stock is owned by insiders.

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.