Quantum Corporation June 15th Short Interest Update

Quantum Corporation (NYSE:QTM) stated loss of 377,232 shares or 2.6% in the short interest. The short interest registered from 14,503,382 on May 31,2016 to 14,126,150 on June 15,2016. In terms of floated shares, the shorted positions stood at 5.6%. The stock has been averaging 1,868,167 shares daily in trading and would need 8 days to cover the shorts. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Quantum Corporation (NYSE:QTM): The stock opened at $0.44 on Friday but the bulls could not build on the opening and the stock topped out at $0.46 for the day. The stock traded down to $0.43 during the day, due to lack of any buying support eventually closed down at $0.45 with a loss of -2.57% for the day. The stock had closed at $0.46 on the previous day. The total traded volume was 19,734,034 shares.

The company shares have dropped -73.53% from its 1 Year high price. On Jun 29, 2015, the shares registered one year high at $1.76 and the one year low was seen on May 4, 2016. The 50-Day Moving Average price is $0.43 and the 200 Day Moving Average price is recorded at $0.56.

Quantum Corporation (NYSE:QTM) has climbed 0.29% in the past week and advanced 18.58% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 1.95% and the outperformance has advanced to 22.16% for the last 4 weeks period.

Quantum Corporation (Quantum) is engaged in providing solutions in scale-out storage, archive and data protection. The Company provides solutions for capturing, sharing and preserving digital assets over the entire data lifecycle. The Company provides solutions for storing and protecting information in physical, virtual and cloud environments. The Companys scale-out storage portfolio includes StorNext software, appliances and systems called StorNext Pro Solutions, as well as Lattus extended online storage and Q-Cloud Archive services. StorNext 5 includes the streaming file system and policy-based tiering for automatically moving data across primary storage, online storage, tape archive and the cloud. The Company has portfolio of data protection solutions for physical, virtual and cloud environments. This includes its DXi deduplication systems, Scalar automated tape libraries and vmPRO virtual server backup software. It offers a Q-Cloud service for data center customers.

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