Qurate Retail, Inc. (NASDAQ:QRTEB) Sees Large Decrease in Short Interest

Qurate Retail, Inc. (NASDAQ:QRTEB) was the target of a significant drop in short interest during the month of August. As of August 31st, there was short interest totalling 6,700 shares, a drop of 28.7% from the August 15th total of 9,400 shares. Based on an average daily volume of 4,100 shares, the days-to-cover ratio is currently 1.6 days. Approximately 0.7% of the company’s shares are short sold.

Qurate Retail Trading Up 2.4 %

NASDAQ QRTEB traded up $0.09 during trading hours on Friday, hitting $3.86. 3,045 shares of the company’s stock were exchanged, compared to its average volume of 5,209. The company has a debt-to-equity ratio of 10.65, a quick ratio of 0.90 and a current ratio of 1.34. The firm has a market capitalization of $1.51 billion, a P/E ratio of -9.19 and a beta of 1.27. The business’s 50 day moving average is $3.91 and its 200-day moving average is $4.13. Qurate Retail has a 12-month low of $3.30 and a 12-month high of $9.15.

Qurate Retail (NASDAQ:QRTEB) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.05 earnings per share for the quarter. Qurate Retail had a negative net margin of 2.44% and a positive return on equity of 33.57%. The company had revenue of $2.41 billion for the quarter.

About Qurate Retail

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.