Qurate Retail, Inc. (NASDAQ:QRTEA) Short Interest Update

Qurate Retail, Inc. (NASDAQ:QRTEA) was the recipient of a significant increase in short interest during the month of May. As of May 31st, there was short interest totalling 9,740,000 shares, an increase of 18.6% from the May 15th total of 8,210,000 shares. Based on an average trading volume of 5,140,000 shares, the short-interest ratio is presently 1.9 days. Approximately 2.8% of the shares of the company are sold short.

Qurate Retail Stock Performance

Shares of Qurate Retail stock traded up $0.01 on Monday, reaching $0.67. 1,750,170 shares of the stock were exchanged, compared to its average volume of 4,223,016. Qurate Retail has a 1-year low of $0.40 and a 1-year high of $1.80. The company has a current ratio of 1.33, a quick ratio of 0.89 and a debt-to-equity ratio of 12.97. The business has a fifty day moving average price of $0.83 and a two-hundred day moving average price of $0.95. The firm has a market capitalization of $264.12 million, a PE ratio of -1.58 and a beta of 2.69.

Qurate Retail (NASDAQ:QRTEA) last issued its quarterly earnings results on Wednesday, May 8th. The company reported $0.04 earnings per share (EPS) for the quarter. Qurate Retail had a negative net margin of 1.56% and a positive return on equity of 23.19%. The business had revenue of $2.34 billion for the quarter.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Qurate Retail from a “hold” rating to a “sell” rating in a research report on Saturday.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Everpar Advisors LLC purchased a new position in shares of Qurate Retail during the 4th quarter worth approximately $27,000. Vanguard Personalized Indexing Management LLC purchased a new position in shares of Qurate Retail during the 4th quarter worth approximately $29,000. Mackenzie Financial Corp purchased a new position in shares of Qurate Retail during the 4th quarter worth approximately $31,000. Walleye Trading LLC purchased a new position in shares of Qurate Retail during the 1st quarter worth approximately $31,000. Finally, Jump Financial LLC purchased a new position in shares of Qurate Retail during the 4th quarter worth approximately $33,000. 64.10% of the stock is owned by hedge funds and other institutional investors.

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.