Stocks

Qurate Retail, Inc. (NASDAQ:QRTEA) Sees Notable Decrease in Short Interest

Published February 3, 2025

Qurate Retail, Inc. (NASDAQ:QRTEA) experienced a noteworthy reduction in short interest in January. As of January 15th, the total short interest was reported at 4,080,000 shares, which represents a decline of 16.2% from the end of December, when it was noted at 4,870,000 shares. Given the average trading volume of 2,420,000 shares, the days-to-cover ratio stands at 1.7 days. Currently, approximately 1.2% of the company's shares are sold short.

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Institutional Trading of Qurate Retail

Recent activity among hedge funds and institutional investors has indicated changes in their holdings of Qurate Retail. Parkwoods Wealth Partners LLC increased its stake in the company by 70.7% in the fourth quarter, accumulating 90,480 shares valued at $30,000 after acquiring an additional 37,488 shares. In the preceding third quarter, Virtu Financial LLC also expanded its position by 76.6%, bringing its total to 91,779 shares valued at $56,000 following a purchase of 39,807 shares. Furthermore, Mackenzie Financial Corp enhanced its holdings by 100.9% in the second quarter, possessing 104,936 shares valued at $66,000 after an additional purchase of 52,706 shares. Another notable increase was seen with Victory Capital Management Inc., which grew its stake by 246.4% in the third quarter, now holding 161,293 shares worth $98,000 after a significant addition of 114,736 shares. Additionally, Kovitz Investment Group Partners LLC initiated a new stake in Qurate Retail valued around $101,000 during the third quarter. Currently, institutional and hedge funds collectively own 64.10% of the stock.

Analysts Set New Price Targets

In addition, StockNews.com has recently commenced coverage on Qurate Retail, issuing a "hold" rating for the company as of January 26th.

Check Out Our Latest Report on Qurate Retail

Qurate Retail Stock Performance

The stock of Qurate Retail, identified by the ticker QRTEA, saw minimal trading changes, closing down $0.00 on Friday with a price of $0.35. During this session, the company recorded a trading volume of 1,945,144 shares, which surpassed the average volume of 1,443,273 shares. Over the past year, Qurate Retail's stock has fluctuated from a low of $0.31 to a high of $1.80. The firm has a market capitalization of approximately $140.16 million, a P/E ratio of -0.50, and a beta of 2.68. The 50-day moving average for the stock is $0.37, while the 200-day moving average is $0.51. Qurate Retail has a debt-to-equity ratio of 8.74, a current ratio of 1.22, and a quick ratio of 0.73.

Qurate Retail last reported its quarterly earnings on November 7th. For that quarter, the company posted an earnings per share (EPS) of ($0.06) with a negative net margin of 2.71%. However, it achieved a positive return on equity of 23.22% and reported revenue of $2.34 billion.

Qurate Retail Company Profile

Qurate Retail, Inc., along with its subsidiaries, operates in the video and online commerce industries across North America, Europe, and Asia. It markets and sells a wide range of consumer products primarily through televised shopping channels, as well as through the Internet and mobile applications. The company also functions as an online retailer of clothing, home goods, and beauty products across its digital platforms.

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