Short Interest in Quantum Co. (NASDAQ:QMCO) Rises By 20.1%

Quantum Co. (NASDAQ:QMCO) was the target of a significant increase in short interest in the month of April. As of April 15th, there was short interest totalling 300,000 shares, an increase of 20.1% from the March 31st total of 249,700 shares. Based on an average daily trading volume, of 505,600 shares, the short-interest ratio is currently 0.6 days.

Institutional Investors Weigh In On Quantum

An institutional investor recently raised its position in Quantum stock. Connor Clark & Lunn Investment Management Ltd. grew its holdings in Quantum Co. (NASDAQ:QMCO) by 151.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 64,066 shares of the company’s stock after purchasing an additional 38,592 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.07% of Quantum worth $39,000 as of its most recent SEC filing. Institutional investors and hedge funds own 63.66% of the company’s stock.

Analyst Ratings Changes

Separately, Oppenheimer reiterated a “market perform” rating on shares of Quantum in a research report on Wednesday, April 17th.

Quantum Trading Up 5.0 %

QMCO stock traded up $0.02 during trading hours on Tuesday, hitting $0.48. 74,302 shares of the stock traded hands, compared to its average volume of 428,803. The stock has a 50-day simple moving average of $0.51 and a 200 day simple moving average of $0.43. Quantum has a one year low of $0.24 and a one year high of $1.32. The company has a market cap of $45.29 million, a P/E ratio of -1.16 and a beta of 2.54.

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.