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

Qurate Retail, Inc. (NASDAQ:QRTEA) was the recipient of a large growth in short interest in the month of December. As of December 15th, there was short interest totalling 5,050,000 shares, a growth of 29.5% from the November 30th total of 3,900,000 shares. Based on an average daily volume of 2,630,000 shares, the short-interest ratio is presently 1.9 days. Currently, 1.4% of the company’s stock are sold short.

Qurate Retail Trading Down 2.1 %

Shares of NASDAQ QRTEA opened at $0.33 on Tuesday. Qurate Retail has a 1-year low of $0.31 and a 1-year high of $1.80. The business has a fifty day moving average price of $0.43 and a 200 day moving average price of $0.56. The stock has a market capitalization of $131.19 million, a P/E ratio of -0.47 and a beta of 2.63. The company has a debt-to-equity ratio of 8.74, a current ratio of 1.22 and a quick ratio of 0.73.

Institutional Trading of Qurate Retail

Several hedge funds have recently modified their holdings of the company. DoubleLine ETF Adviser LP increased its position in shares of Qurate Retail by 97.3% during the second quarter. DoubleLine ETF Adviser LP now owns 39,056 shares of the company’s stock worth $25,000 after purchasing an additional 19,265 shares in the last quarter. Empowered Funds LLC grew its stake in Qurate Retail by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 509,444 shares of the company’s stock worth $311,000 after buying an additional 25,862 shares during the last quarter. Virtu Financial LLC increased its position in Qurate Retail by 76.6% during the 3rd quarter. Virtu Financial LLC now owns 91,779 shares of the company’s stock valued at $56,000 after buying an additional 39,807 shares in the last quarter. Summit Trail Advisors LLC increased its position in Qurate Retail by 18.2% during the 2nd quarter. Summit Trail Advisors LLC now owns 260,000 shares of the company’s stock valued at $164,000 after buying an additional 40,000 shares in the last quarter. Finally, Mackenzie Financial Corp raised its stake in Qurate Retail by 100.9% in the second quarter. Mackenzie Financial Corp now owns 104,936 shares of the company’s stock valued at $66,000 after buying an additional 52,706 shares during the last quarter. 64.10% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on Qurate Retail in a report on Wednesday, December 25th. They set 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.