Qumu Corp (NASDAQ:QUMU) saw a large increase in short interest in the month of September. As of September 15th, there was short interest totalling 500 shares, an increase of 400.0% from the August 15th total of 100 shares. Based on an average daily trading volume, of 31,200 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the company’s stock are sold short.
Several brokerages have recently commented on QUMU. Zacks Investment Research upgraded Qumu from a “sell” rating to a “hold” rating in a research note on Tuesday, October 1st. ValuEngine downgraded Qumu from a “sell” rating to a “strong sell” rating in a research note on Saturday, October 5th. Finally, Dougherty & Co started coverage on Qumu in a research note on Wednesday, July 10th. They issued a “buy” rating for the company. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $3.00.
Shares of Qumu stock traded up $0.01 during mid-day trading on Friday, hitting $3.11. 14,837 shares of the stock were exchanged, compared to its average volume of 12,843. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.68 and a quick ratio of 0.68. The company has a 50-day simple moving average of $3.13 and a 200 day simple moving average of $3.38. Qumu has a 12 month low of $1.85 and a 12 month high of $4.78.
Qumu (NASDAQ:QUMU) last posted its quarterly earnings results on Tuesday, July 30th. The technology company reported ($0.22) EPS for the quarter, topping analysts’ consensus estimates of ($0.23) by $0.01. Qumu had a negative net margin of 8.42% and a negative return on equity of 11.95%. The company had revenue of $5.37 million for the quarter. On average, equities analysts predict that Qumu will post -0.67 earnings per share for the current year.
A number of institutional investors have recently added to or reduced their stakes in the stock. Acadian Asset Management LLC purchased a new position in shares of Qumu during the 2nd quarter valued at $55,000. Worth Venture Partners LLC purchased a new position in shares of Qumu during the 2nd quarter valued at $433,000. Vanguard Group Inc. lifted its holdings in shares of Qumu by 135.4% during the 2nd quarter. Vanguard Group Inc. now owns 250,994 shares of the technology company’s stock worth $1,042,000 after acquiring an additional 144,375 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of Qumu by 8.5% during the 2nd quarter. BlackRock Inc. now owns 294,765 shares of the technology company’s stock worth $1,224,000 after acquiring an additional 23,021 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in shares of Qumu by 12.4% during the 2nd quarter. Renaissance Technologies LLC now owns 765,371 shares of the technology company’s stock worth $3,176,000 after acquiring an additional 84,190 shares during the last quarter. Institutional investors and hedge funds own 34.35% of the company’s stock.
Qumu Company Profile
Qumu Corporation provides tools to create, manage, secure, distribute, and deliver live and on-demand video content for the enterprises. It offers an end-to-end video creation, management, and delivery solution through the sale of software licenses and hardware, software on server appliance, software-enabled devices, and a cloud-hosted software-as-a-service platform.
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