Qurate Retail, Inc. (NASDAQ:QRTEB) Sees Large Increase in Short Interest

Qurate Retail, Inc. (NASDAQ:QRTEB) was the target of a significant growth in short interest in the month of January. As of January 31st, there was short interest totalling 6,600 shares, a growth of 20.0% from the January 15th total of 5,500 shares. Based on an average trading volume of 5,900 shares, the days-to-cover ratio is presently 1.1 days. Approximately 0.7% of the shares of the company are sold short.

Institutional Investors Weigh In On Qurate Retail

A hedge fund recently raised its stake in Qurate Retail stock. Rhumbline Advisers grew its position in Qurate Retail, Inc. (NASDAQ:QRTEB) by 745.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,363 shares of the company’s stock after buying an additional 9,137 shares during the quarter. Rhumbline Advisers’ holdings in Qurate Retail were worth $30,000 at the end of the most recent quarter. Institutional investors and hedge funds own 2.25% of the company’s stock.

Qurate Retail Stock Performance

Shares of NASDAQ QRTEB traded up $0.01 during mid-day trading on Friday, hitting $2.20. 1,928 shares of the company were exchanged, compared to its average volume of 2,292. The company has a quick ratio of 0.73, a current ratio of 1.22 and a debt-to-equity ratio of 8.74. The stock has a 50 day simple moving average of $2.60 and a 200-day simple moving average of $3.29. Qurate Retail has a 1-year low of $2.01 and a 1-year high of $6.50. The firm has a market cap of $873.29 million, a price-to-earnings ratio of -3.10 and a beta of 1.30.

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.