Qurate Retail, Inc. (NASDAQ:QRTEA) Short Interest Update

Qurate Retail, Inc. (NASDAQ:QRTEA) saw a large decrease in short interest in January. As of January 15th, there was short interest totalling 4,080,000 shares, a decrease of 16.2% from the December 31st total of 4,870,000 shares. Based on an average daily trading volume, of 2,420,000 shares, the days-to-cover ratio is presently 1.7 days. Currently, 1.2% of the shares of the company are sold short.

Institutional Investors Weigh In On Qurate Retail

A number of institutional investors and hedge funds have recently made changes to their positions in QRTEA. Mackenzie Financial Corp grew its position in Qurate Retail by 100.9% during the second quarter. Mackenzie Financial Corp now owns 104,936 shares of the company’s stock worth $66,000 after buying an additional 52,706 shares in the last quarter. Point72 Asset Management L.P. bought a new stake in shares of Qurate Retail during the 2nd quarter valued at about $378,000. Assenagon Asset Management S.A. grew its holdings in shares of Qurate Retail by 25.8% during the third quarter. Assenagon Asset Management S.A. now owns 1,664,932 shares of the company’s stock worth $1,016,000 after purchasing an additional 341,742 shares in the last quarter. GSA Capital Partners LLP bought a new position in shares of Qurate Retail in the third quarter worth approximately $714,000. Finally, Victory Capital Management Inc. raised its stake in Qurate Retail by 246.4% in the third quarter. Victory Capital Management Inc. now owns 161,293 shares of the company’s stock valued at $98,000 after purchasing an additional 114,736 shares in the last quarter. Hedge funds and other institutional investors own 64.10% of the company’s stock.

Qurate Retail Price Performance

Shares of QRTEA traded up $0.01 during midday trading on Monday, hitting $0.36. 1,649,647 shares of the company traded hands, compared to its average volume of 1,591,236. Qurate Retail has a one year low of $0.31 and a one year high of $1.80. The firm has a market cap of $144.09 million, a P/E ratio of -0.51 and a beta of 2.68. The company has a debt-to-equity ratio of 8.74, a current ratio of 1.22 and a quick ratio of 0.73. The stock has a 50-day moving average of $0.37 and a 200-day moving average of $0.50.

Qurate Retail (NASDAQ:QRTEA) last posted its earnings results on Thursday, November 7th. The company reported ($0.06) earnings per share for the quarter. Qurate Retail had a positive return on equity of 23.22% and a negative net margin of 2.71%. The firm had revenue of $2.34 billion for the quarter.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on Qurate Retail in a research report on Monday. They issued a “hold” rating for the company.

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.