Quantum Co. (NASDAQ:QMCO) Short Interest Update

Quantum Co. (NASDAQ:QMCO) saw a large increase in short interest during the month of January. As of January 15th, there was short interest totalling 1,200,000 shares, an increase of 37.4% from the December 31st total of 873,300 shares. Based on an average daily volume of 3,020,000 shares, the short-interest ratio is presently 0.4 days. Currently, 32.3% of the company’s shares are short sold.

Insider Activity at Quantum

In other Quantum news, CEO James J. Lerner sold 2,511 shares of Quantum stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $35.68, for a total value of $89,592.48. Following the transaction, the chief executive officer now directly owns 107,804 shares of the company’s stock, valued at $3,846,446.72. The trade was a 2.28 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CRO Henk Jan Spanjaard sold 935 shares of the business’s stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $35.68, for a total value of $33,360.80. Following the completion of the sale, the executive now owns 14,903 shares of the company’s stock, valued at $531,739.04. The trade was a 5.90 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 22,490 shares of company stock valued at $316,162. Insiders own 3.90% of the company’s stock.

Hedge Funds Weigh In On Quantum

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Flagship Harbor Advisors LLC purchased a new stake in Quantum in the fourth quarter worth about $226,000. Arkadios Wealth Advisors bought a new position in shares of Quantum in the 4th quarter worth approximately $466,000. Finally, UNICOM Systems Inc. purchased a new position in shares of Quantum in the 4th quarter valued at approximately $4,057,000. Hedge funds and other institutional investors own 63.66% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on QMCO shares. Lake Street Capital boosted their price objective on shares of Quantum from $5.00 to $20.00 and gave the company a “hold” rating in a research report on Wednesday. Northland Securities boosted their price target on Quantum from $5.00 to $18.00 and gave the company a “market perform” rating in a report on Thursday.

Quantum Price Performance

Shares of Quantum stock opened at $22.40 on Friday. Quantum has a 12-month low of $2.22 and a 12-month high of $90.64. The company’s fifty day simple moving average is $32.41 and its two-hundred day simple moving average is $14.33.

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.