Despite a "buy" call by Barrington Research, short interest on QNST shares has been increasing dramatically. I wonder if any insiders are lending out their shares. Looks like more shorts moved in after some key sales (and no buys) by insiders.
https://www.nasdaq.com/symbol/qnst/short-interest
https://www-qc.nasdaq.com/symbol/qnst/insider-trades/sells
"Drawing on extensive discussions with multiple former QuinStreet employees and other industry participants, we find that QuinStreet has little to differentiate it in a highly competitive market. Its technology is clunky, its sites commodity, its affiliate relationships fleeting. Unsavory business practices have subjected it to robocalling lawsuits and its inability to evolve at the pace of competitors has ruined internal morale. Unsurprisingly, key insiders, including QuinStreet’s CEO, CFO, and one of its earliest and largest institutional investors, have just recently begun to sell their shares. QuinStreet is not a road to riches; it’s a dead end."
More revelations about what's happening at QNST and why people are shorting the stock. But who is lending shares out?
https://www.kerrisdalecap.com/wp-content/uploads/2018/04/QuinStreet-Inc.-QNST.pdf