Quantum Co. (NASDAQ:QMCO) Short Interest Update

Quantum Co. (NASDAQ:QMCO) was the target of a significant increase in short interest in 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 days-to-cover ratio is presently 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. lifted its position in Quantum Co. (NASDAQ:QMCO) by 151.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 64,066 shares of the company’s stock after acquiring an additional 38,592 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned 0.07% of Quantum worth $39,000 as of its most recent SEC filing. 63.66% of the stock is owned by institutional investors.

Quantum Stock Up 5.0 %

Shares of NASDAQ QMCO opened at $0.48 on Wednesday. Quantum has a fifty-two week low of $0.24 and a fifty-two week high of $1.32. The business has a 50 day moving average price of $0.51 and a two-hundred day moving average price of $0.43. The firm has a market cap of $45.29 million, a PE ratio of -1.16 and a beta of 2.54.

Analyst Ratings Changes

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

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.