Short Interest in Quantum Corporation (NASDAQ:QMCO) Expands By 23.4%

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

Analyst Ratings Changes

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

Institutional Trading of Quantum

Several large investors have recently bought and sold shares of QMCO. Bank of America Corp DE raised its holdings in Quantum by 337.5% in the third quarter. Bank of America Corp DE now owns 2,896 shares of the company’s stock worth $29,000 after purchasing an additional 2,234 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in Quantum by 322.1% during the third quarter. BNP Paribas Financial Markets now owns 3,461 shares of the company’s stock worth $34,000 after acquiring an additional 2,641 shares in the last quarter. NBC Securities Inc. bought a new stake in Quantum during the fourth quarter worth about $26,000. Raymond James Financial Inc. purchased a new stake in Quantum in the second quarter worth about $46,000. Finally, SBI Securities Co. Ltd. increased its stake in shares of Quantum by 99.4% during the second quarter. SBI Securities Co. Ltd. now owns 5,636 shares of the company’s stock valued at $56,000 after purchasing an additional 2,809 shares in the last quarter. 63.66% of the stock is owned by institutional investors.

Quantum Stock Performance

QMCO stock traded down $0.66 on Tuesday, reaching $4.64. The company’s stock had a trading volume of 1,117,440 shares, compared to its average volume of 592,720. The firm has a market cap of $67.92 million, a PE ratio of -1.97 and a beta of 2.66. The business has a fifty day simple moving average of $6.57 and a two-hundred day simple moving average of $8.03. Quantum has a 12-month low of $4.50 and a 12-month high of $24.40.

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

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.