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

Qurate Retail, Inc. (NASDAQ:QRTEA) was the target of a significant growth in short interest in 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 trading volume, of 2,630,000 shares, the days-to-cover ratio is presently 1.9 days. Approximately 1.4% of the shares of the stock are sold short.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on shares of Qurate Retail in a report on Wednesday, December 25th. They issued a “hold” rating for the company.

Qurate Retail Price Performance

Shares of QRTEA stock traded down $0.00 on Tuesday, reaching $0.33. 3,114,473 shares of the company were exchanged, compared to its average volume of 3,490,163. Qurate Retail has a 1 year low of $0.31 and a 1 year high of $1.80. The company has a debt-to-equity ratio of 8.74, a quick ratio of 0.73 and a current ratio of 1.22. The business has a 50-day moving average price of $0.43 and a 200 day moving average price of $0.56. The company has a market cap of $130.99 million, a price-to-earnings ratio of -0.46 and a beta of 2.63.

Institutional Investors Weigh In On Qurate Retail

Institutional investors have recently bought and sold shares of the company. Privium Fund Management UK Ltd acquired a new position in shares of Qurate Retail during the second quarter valued at approximately $752,000. Oppenheimer Asset Management Inc. increased its position in shares of Qurate Retail by 15.8% during the second quarter. Oppenheimer Asset Management Inc. now owns 429,535 shares of the company’s stock worth $271,000 after purchasing an additional 58,734 shares in the last quarter. Renaissance Technologies LLC raised its stake in Qurate Retail by 867.1% in 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 last quarter. Simplify Asset Management Inc. purchased a new position in Qurate Retail in the 2nd quarter valued at $220,000. Finally, Summit Trail Advisors LLC boosted its stake in Qurate Retail by 18.2% during the 2nd quarter. Summit Trail Advisors LLC now owns 260,000 shares of the company’s stock worth $164,000 after purchasing an additional 40,000 shares during the last quarter. 64.10% of the stock is currently owned by institutional investors and hedge funds.

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.