Qurate Retail, Inc. (NASDAQ:QRTEA) Short Interest Down 16.2% in January

Qurate Retail, Inc. (NASDAQ:QRTEA - Get Free Report) was the target of a large decline in short interest in January. As of January 15th, there was short interest totalling 4,080,000 shares, a decline of 16.2% from the December 31st total of 4,870,000 shares. Based on an average daily volume of 2,420,000 shares, the days-to-cover ratio is presently 1.7 days. Approximately 1.2% of the shares of the stock are sold short.

Qurate Retail Stock Down 1.7 %

NASDAQ QRTEA traded down $0.01 during trading on Wednesday, reaching $0.37. 1,010,012 shares of the company's stock traded hands, compared to its average volume of 1,539,357. Qurate Retail has a 12-month low of $0.31 and a 12-month high of $1.80. The company's 50 day simple moving average is $0.36 and its two-hundred day simple moving average is $0.50. The firm has a market cap of $145.36 million, a price-to-earnings ratio of -0.52 and a beta of 2.69. The company has a debt-to-equity ratio of 8.74, a current ratio of 1.22 and a quick ratio of 0.73.

Qurate Retail (NASDAQ:QRTEA - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $2.34 billion during the quarter.

Analyst Ratings Changes

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

Institutional Trading of Qurate Retail

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Parkwoods Wealth Partners LLC increased its stake in shares of Qurate Retail by 70.7% during the fourth quarter. Parkwoods Wealth Partners LLC now owns 90,480 shares of the company's stock worth $30,000 after purchasing an additional 37,488 shares in the last quarter. Virtu Financial LLC increased its stake in Qurate Retail by 76.6% during the 3rd quarter. Virtu Financial LLC now owns 91,779 shares of the company's stock worth $56,000 after buying an additional 39,807 shares in the last quarter. 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 during the last quarter. Victory Capital Management Inc. boosted its stake in shares of 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 last quarter. Finally, Kovitz Investment Group Partners LLC purchased a new stake in shares of Qurate Retail during the third quarter worth approximately $101,000. Institutional investors and hedge funds own 64.10% of the company's stock.

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.