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

Qurate Retail, Inc. (NASDAQ:QRTEA - Get Free Report) was the target of a significant increase in short interest in the month of December. As of December 15th, there was short interest totalling 5,050,000 shares, an increase 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. Approximately 1.4% of the company's shares are sold short.

Institutional Inflows and Outflows

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

Qurate Retail Stock Down 6.3 %

Shares of QRTEA stock traded down $0.02 during trading on Friday, reaching $0.34. The company's stock had a trading volume of 3,706,044 shares, compared to its average volume of 3,490,187. Qurate Retail has a one year low of $0.31 and a one 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 company has a market cap of $134.05 million, a price-to-earnings ratio of -0.48 and a beta of 2.63. The company has a quick ratio of 0.73, a current ratio of 1.22 and a debt-to-equity ratio of 8.74.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on shares of Qurate Retail in a report on Wednesday. They issued a "hold" rating for the company.

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.