Qurate Retail, Inc. (NASDAQ:QRTEA) Sees Large Increase in Short Interest

Qurate Retail, Inc. (NASDAQ:QRTEA) was the target of a significant increase in short interest in the month of October. As of October 31st, there was short interest totalling 3,760,000 shares, an increase of 16.0% from the October 15th total of 3,240,000 shares. Currently, 1.1% of the shares of the company are sold short. Based on an average daily volume of 2,640,000 shares, the short-interest ratio is presently 1.4 days.

Qurate Retail Trading Down 5.4 %

Shares of NASDAQ QRTEA traded down $0.02 during midday trading on Friday, reaching $0.43. The company had a trading volume of 3,113,407 shares, compared to its average volume of 2,246,971. The firm’s fifty day moving average price is $0.55 and its 200-day moving average price is $0.64. The company has a quick ratio of 0.90, a current ratio of 1.22 and a debt-to-equity ratio of 8.74. Qurate Retail has a one year low of $0.42 and a one year high of $1.80. The stock has a market cap of $169.84 million, a PE ratio of -0.60 and a beta of 2.68.

Insider Buying and Selling at Qurate Retail

In other news, insider Renee L. Wilm sold 75,789 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $0.97, for a total value of $73,515.33. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 11.80% of the stock is owned by corporate insiders.

Institutional Trading of Qurate Retail

Several large investors have recently modified their holdings of QRTEA. Renaissance Technologies LLC increased its position in Qurate Retail by 867.1% during the 2nd quarter. Renaissance Technologies LLC now owns 3,564,255 shares of the company’s stock valued at $2,245,000 after purchasing an additional 3,195,694 shares during the period. Acadian Asset Management LLC increased its position in shares of Qurate Retail by 28.7% during the first quarter. Acadian Asset Management LLC now owns 5,950,168 shares of the company’s stock valued at $7,316,000 after buying an additional 1,327,990 shares during the period. GSA Capital Partners LLP bought a new position in Qurate Retail in the third quarter worth about $714,000. Privium Fund Management UK Ltd purchased a new stake in Qurate Retail in the second quarter worth about $752,000. Finally, Point72 Asset Management L.P. purchased a new stake in Qurate Retail in the second quarter worth about $378,000. 64.10% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on shares of Qurate Retail in a research report on Friday. They set a “hold” rating on the stock.

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.