Quantum Corporation (NASDAQ:QMCO) Sees Significant Growth in Short Interest

Quantum Corporation (NASDAQ:QMCO) saw a large increase in short interest in the month of February. As of February 13th, there was short interest totaling 2,100,850 shares, an increase of 23.4% from the January 29th total of 1,702,614 shares. Currently, 14.5% of the shares of the stock are sold short. Based on an average trading volume of 523,685 shares, the short-interest ratio is presently 4.0 days. Based on an average trading volume of 523,685 shares, the short-interest ratio is presently 4.0 days. Currently, 14.5% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. XTX Topco Ltd acquired a new stake in shares of Quantum during the fourth quarter valued at approximately $77,000. Millennium Management LLC acquired a new position in Quantum in the 4th quarter worth approximately $73,000. Engineers Gate Manager LP purchased a new position in Quantum during the 4th quarter worth approximately $106,000. Price T Rowe Associates Inc. MD acquired a new stake in Quantum during the 4th quarter valued at $103,000. Finally, Barclays PLC lifted its holdings in shares of Quantum by 3,020.2% in the fourth quarter. Barclays PLC now owns 14,197 shares of the company’s stock valued at $92,000 after purchasing an additional 13,742 shares in the last quarter. 63.66% of the stock is owned by hedge funds and other institutional investors.

Quantum Stock Performance

Shares of NASDAQ:QMCO opened at $4.81 on Thursday. The company has a market capitalization of $70.42 million, a PE ratio of -2.04 and a beta of 2.66. The stock has a fifty day moving average of $6.46 and a 200-day moving average of $7.99. Quantum has a one year low of $4.50 and a one year high of $24.40.

Quantum (NASDAQ:QMCO) last announced its earnings results on Tuesday, February 17th. The company reported ($0.36) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.45) by $0.09. The company had revenue of $74.59 million for the quarter, compared to analyst estimates of $66.36 million. Quantum has set its Q4 2026 guidance at -0.430–0.230 EPS. As a group, research analysts forecast that Quantum will post -5.5 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

QMCO has been the topic of several recent analyst reports. Wall Street Zen raised Quantum from a “sell” rating to a “hold” rating in a report on Saturday, February 21st. Lake Street Capital set a $7.00 price objective on Quantum in a research note on Wednesday, February 18th. Northland Securities upgraded Quantum from a “market perform” rating to an “outperform” rating and set a $13.00 price objective for the company in a report on Friday, November 14th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Quantum in a report on Monday, December 29th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $13.33.

About Quantum

Quantum Corporation (NASDAQ: QMCO) is a technology company that develops and delivers data management and storage solutions for businesses and organizations worldwide. The company’s product portfolio includes hardware, software and cloud-based offerings designed to address backup, archive, primary storage and long-term retention needs. Quantum’s solutions are geared toward data-intensive environments such as media and entertainment, surveillance, government, education and healthcare, where large volumes of digital content must be reliably stored, managed and accessed.

Quantum’s flagship products include the StorNext® data management platform, which provides high-performance shared file storage and workflow acceleration, and the DXi® series of deduplication appliances, which optimize backup and recovery by reducing storage footprints and data transfer times.