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

Qurate Retail, Inc. (NASDAQ:QRTEA) was the target of a large 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 short-interest ratio is presently 1.9 days. Approximately 1.4% of the shares of the stock are sold short.

Institutional Trading of Qurate Retail

Large investors have recently made changes to their positions in the stock. DoubleLine ETF Adviser LP boosted its holdings in shares of Qurate Retail by 97.3% in the second quarter. DoubleLine ETF Adviser LP now owns 39,056 shares of the company’s stock valued at $25,000 after purchasing an additional 19,265 shares during the period. Virtu Financial LLC raised 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 purchasing an additional 39,807 shares in the last quarter. Mackenzie Financial Corp lifted its holdings in shares of Qurate Retail by 100.9% in the 2nd quarter. Mackenzie Financial Corp now owns 104,936 shares of the company’s stock worth $66,000 after buying an additional 52,706 shares during the period. Victory Capital Management Inc. grew its position in shares of Qurate Retail by 246.4% during the 3rd quarter. Victory Capital Management Inc. now owns 161,293 shares of the company’s stock worth $98,000 after buying an additional 114,736 shares in the last quarter. Finally, Kovitz Investment Group Partners LLC purchased a new position in shares of Qurate Retail during the third quarter valued at $101,000. 64.10% of the stock is owned by hedge funds and other institutional investors.

Qurate Retail Price Performance

QRTEA stock opened at $0.33 on Tuesday. The company has a current ratio of 1.22, a quick ratio of 0.73 and a debt-to-equity ratio of 8.74. The stock has a market cap of $131.19 million, a PE ratio of -0.47 and a beta of 2.63. Qurate Retail has a 12 month low of $0.31 and a 12 month high of $1.80. The company has a 50-day moving average price of $0.43 and a 200 day moving average price of $0.56.

Analysts Set New Price Targets

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