Quantum Co. (NASDAQ:QMCO - Get Free Report) saw a large increase in short interest in 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. Based on an average trading volume of 3,020,000 shares, the short-interest ratio is currently 0.4 days. Approximately 32.3% of the company's stock are sold short.
Quantum Price Performance
Shares of NASDAQ:QMCO traded up $5.07 during trading on Thursday, hitting $38.57. The company's stock had a trading volume of 3,281,701 shares, compared to its average volume of 2,343,316. Quantum has a 12 month low of $2.22 and a 12 month high of $90.64. The company has a 50-day moving average of $26.15 and a 200-day moving average of $12.52.
Analyst Ratings Changes
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 report on Thursday, November 14th.
Check Out Our Latest Stock Report on QMCO
Insider Activity at Quantum
In related news, CEO James J. Lerner sold 6,505 shares of the business's stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $4.43, for a total value of $28,817.15. Following the completion of the transaction, the chief executive officer now directly owns 107,491 shares in the company, valued at $476,185.13. The trade was a 5.71 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold a total of 15,561 shares of company stock valued at $68,935 in the last three months. Company insiders own 3.90% of the company's stock.
Institutional Trading of Quantum
An institutional investor recently bought a new position in Quantum stock. Arkadios Wealth Advisors acquired a new stake in Quantum Co. (NASDAQ:QMCO - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 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 and hedge funds own 63.66% of the company's stock.
About Quantum
(
Get Free Report)
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.
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