Qurate Retail, Inc. (NASDAQ:QRTEB) Experiences Notable Drop in Short Interest

Qurate Retail, Inc. (NASDAQ:QRTEB) recently saw a significant decrease in short interest throughout December. As of December 15th, the short interest was recorded at 6,300 shares, marking a steep drop of 46.6% from the 11,800 shares reported on November 30th. Currently, about 0.6% of the company’s total shares are sold short. Given an average trading volume of 5,500 shares, the days-to-cover ratio now stands at 1.1 days.

Recent Institutional Activity in Qurate Retail

Recently, a hedge fund made a move to acquire a new stake in Qurate Retail's stock. SG Americas Securities LLC filed a 13F with the SEC indicating they bought 10,447 shares during the third quarter, which was valued at about $45,000. Institutional investors and hedge funds collectively own 2.25% of Qurate Retail’s shares.

Current Stock Performance of Qurate Retail

On the most recent trading day, shares of NASDAQ QRTEB dipped by $0.07, closing at $2.94, with 773 shares traded. This figure is below the average volume of 5,171 shares. Over the past year, Qurate Retail has experienced a low of $2.58 and a high of $7.69. The company's fifty-day moving average is currently $3.22, while the 200-day moving average is $3.67. Qurate Retail has a market capitalization of $1.17 billion and a price-to-earnings ratio of -4.14, with a beta of 1.30. Other key financial metrics include a debt-to-equity ratio of 8.74, a quick ratio of 0.73, and a current ratio of 1.22.

About Qurate Retail

Qurate Retail, Inc. engages in the video and online commerce sectors, operating in North America, Europe, and Asia. The company primarily markets and sells a variety of consumer products through televised shopping channels, as well as via online and mobile platforms. Additionally, it serves as an online retailer for various categories, including apparel for women, children, and men, along with home goods, accessories, and beauty products available through its mobile and desktop applications.

Qurate, Retail, Short