Short Interest in Qurate Retail, Inc. (NASDAQ:QRTEA) Drops By 16.2%

Qurate Retail, Inc. (NASDAQ:QRTEA) was the target of a significant decrease in short interest during the month of 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. Currently, 1.2% of the shares of the company are sold short. Based on an average daily volume of 2,420,000 shares, the days-to-cover ratio is presently 1.7 days.

Qurate Retail Stock Down 1.1 %

NASDAQ QRTEA traded down $0.00 during trading hours on Friday, hitting $0.35. The company had a trading volume of 1,945,144 shares, compared to its average volume of 1,443,273. The firm has a 50 day simple moving average of $0.37 and a 200 day simple moving average of $0.51. Qurate Retail has a 52 week low of $0.31 and a 52 week high of $1.80. The company has a quick ratio of 0.73, a current ratio of 1.22 and a debt-to-equity ratio of 8.74.

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.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Empowered Funds LLC increased its position in shares of Qurate Retail by 5.3% in the third quarter. Empowered Funds LLC now owns 509,444 shares of the company’s stock valued at $311,000 after acquiring an additional 25,862 shares during the period. Parkwoods Wealth Partners LLC lifted its holdings in Qurate Retail by 70.7% in the 4th quarter. Parkwoods Wealth Partners LLC now owns 90,480 shares of the company’s stock worth $30,000 after buying an additional 37,488 shares during the period. Virtu Financial LLC increased its stake in shares of Qurate Retail by 76.6% during the third 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 during the period. Mackenzie Financial Corp raised its holdings in shares of Qurate Retail by 100.9% during the second quarter. Mackenzie Financial Corp now owns 104,936 shares of the company’s stock valued at $66,000 after acquiring an additional 52,706 shares in the last quarter. Finally, Victory Capital Management Inc. lifted 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 worth $98,000 after acquiring an additional 114,736 shares during the period. 64.10% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on shares of Qurate Retail in a report on Sunday, January 26th. 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.