Short Interest in Qurate Retail, Inc. (NASDAQ:QRTEA) Declines By 17.4%

Qurate Retail, Inc. (NASDAQ:QRTEA) was the recipient of a significant decrease in short interest during the month of July. As of July 15th, there was short interest totalling 5,420,000 shares, a decrease of 17.4% from the June 30th total of 6,560,000 shares. Currently, 1.5% of the company’s stock are sold short. Based on an average daily volume of 5,730,000 shares, the short-interest ratio is presently 0.9 days.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Qurate Retail from a “sell” rating to a “hold” rating in a research report on Thursday, July 18th.

Qurate Retail Stock Performance

Shares of QRTEA remained flat at $0.72 during mid-day trading on Friday. The stock had a trading volume of 2,882,691 shares, compared to its average volume of 2,947,905. Qurate Retail has a 52 week low of $0.40 and a 52 week high of $1.80. The stock has a market cap of $280.73 million, a PE ratio of -1.71 and a beta of 2.71. The business’s fifty day moving average price is $0.70 and its 200-day moving average price is $0.91. The company has a current ratio of 1.33, a quick ratio of 0.89 and a debt-to-equity ratio of 12.97.

Qurate Retail (NASDAQ:QRTEA) last released its quarterly earnings data on Wednesday, May 8th. The company reported $0.04 earnings per share (EPS) for the quarter. Qurate Retail had a positive return on equity of 23.19% and a negative net margin of 1.56%. The company had revenue of $2.34 billion during the quarter.

Institutional Trading of Qurate Retail

Hedge funds have recently made changes to their positions in the business. Norden Group LLC lifted its holdings in Qurate Retail by 88.2% during the 1st quarter. Norden Group LLC now owns 28,306 shares of the company’s stock worth $35,000 after purchasing an additional 13,263 shares during the last quarter. Summit Trail Advisors LLC increased its stake in Qurate Retail by 10.0% during the 1st quarter. Summit Trail Advisors LLC now owns 220,000 shares of the company’s stock worth $271,000 after acquiring an additional 20,000 shares during the period. Walleye Trading LLC bought a new position in Qurate Retail during the 1st quarter worth $31,000. Headlands Technologies LLC bought a new position in Qurate Retail during the 1st quarter worth $33,000. Finally, Price T Rowe Associates Inc. MD increased its stake in Qurate Retail by 35.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 101,240 shares of the company’s stock worth $125,000 after acquiring an additional 26,700 shares during the period. 64.10% of the stock is owned by institutional investors and hedge funds.

Qurate Retail Company Profile

Qurate Retail, Inc, together with its subsidiaries, engages in the video and online commerce industries in North America, Europe, and Asia. The company markets and sells various consumer products primarily through merchandise-focused televised shopping programs, Internet, and mobile applications. It also operates as an online retailer offering women's, children's, and men's apparel; and other products, such as home, accessories, and beauty products through its app, mobile, and desktop applications.