QUANTUM CORP (OTCMKTS:QMCO)’s Trend Unknown, Especially After Increased Shorts

The stock of QUANTUM CORP (OTCMKTS:QMCO) registered an increase of 26.61% in short interest. QMCO’s total short interest was 631,400 shares in August as published by FINRA. Its up 26.61% from 498,700 shares, reported previously. With 283,000 shares average volume, it will take short sellers 2 days to cover their QMCO’s short positions.

The stock decreased 3.53% or $0.2 during the last trading session, reaching $5.47. About 194,479 shares traded or 95.06% up from the average. Quantum Corporation (OTCMKTS:QMCO) has 0.00% since August 14, 2018 and is . It has by 0.00% the S&P500.

Quantum Corporation provides scale-out storage, archive, and data protection solutions for small businesses and multi-national enterprises in the Americas, Europe, and the Asia Pacific. The company has market cap of $194.48 million. The firm offers StorNext 5 software and hardware that offer file sharing and archiving in purpose-built configurations of metadata controllers, expansion appliances, and disk and archive enabled libraries; Xcellis product, which optimizes workflow and shared access by combining functions into a compact, space, and energy-saving solution; and Lattus Object Storage solutions that enable high volumes of data to be available to extract valuable information. It currently has negative earnings. It also offers StorNext Storage Manager software; and StorNext AEL archives products, which provide near-line archiving with built-in data protection and self-healing capabilities.

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