Qurate Retail, Inc. (NASDAQ:QRTEA) Short Interest Up 29.5% in December

Qurate Retail, Inc. (NASDAQ:QRTEA) was the recipient of a large increase in short interest during 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. Approximately 1.4% of the company’s stock are short sold. Based on an average daily trading volume, of 2,630,000 shares, the short-interest ratio is presently 1.9 days.

Qurate Retail Stock Performance

NASDAQ QRTEA traded down $0.00 during trading hours on Tuesday, reaching $0.33. The stock had a trading volume of 3,114,473 shares, compared to its average volume of 3,490,163. Qurate Retail has a 52-week low of $0.31 and a 52-week high of $1.80. The stock has a fifty day moving average of $0.43 and a 200 day moving average of $0.56. 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 stock has a market cap of $130.99 million, a P/E ratio of -0.46 and a beta of 2.63.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on Qurate Retail in a research report on Wednesday, December 25th. They set a “hold” rating on the stock.

Hedge Funds Weigh In On Qurate Retail

A number of institutional investors have recently modified their holdings of QRTEA. Privium Fund Management UK Ltd purchased a new position in shares of Qurate Retail during the 2nd quarter valued at approximately $752,000. Oppenheimer Asset Management Inc. grew its position in Qurate Retail by 15.8% during the second quarter. Oppenheimer Asset Management Inc. now owns 429,535 shares of the company’s stock valued at $271,000 after buying an additional 58,734 shares during the period. Renaissance Technologies LLC increased its holdings in Qurate Retail by 867.1% in the second quarter. Renaissance Technologies LLC now owns 3,564,255 shares of the company’s stock valued at $2,245,000 after buying an additional 3,195,694 shares in the last quarter. Simplify Asset Management Inc. purchased a new position in Qurate Retail in the second quarter valued at $220,000. Finally, Summit Trail Advisors LLC raised its position in shares of Qurate Retail by 18.2% in the second quarter. Summit Trail Advisors LLC now owns 260,000 shares of the company’s stock worth $164,000 after acquiring an additional 40,000 shares during the period. Hedge funds and other institutional investors 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.