Qurate Retail, Inc. (NASDAQ:QRTEP) Short Interest Down 13.8% in June

Qurate Retail, Inc. (NASDAQ:QRTEP) was the target of a large decline in short interest during the month of June. As of June 15th, there was short interest totalling 269,300 shares, a decline of 13.8% from the May 31st total of 312,300 shares. Based on an average trading volume of 42,700 shares, the days-to-cover ratio is presently 6.3 days.

Qurate Retail Trading Down 0.4 %

NASDAQ:QRTEP opened at $42.05 on Friday. The firm’s fifty day moving average price is $47.12 and its two-hundred day moving average price is $44.63. Qurate Retail has a one year low of $18.33 and a one year high of $53.15.

Qurate Retail Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Friday, May 31st were issued a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a yield of 19.02%. The ex-dividend date of this dividend was Friday, May 31st.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Qurate Retail stock. Shikiar Asset Management Inc. purchased a new stake in Qurate Retail, Inc. (NASDAQ:QRTEP) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 6,000 shares of the company’s stock, valued at approximately $298,000.

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.