Qurate Retail, Inc. Sees Substantial Decrease in Short Interest

Qurate Retail, Inc. (NASDAQ:QRTEB) experienced a notable drop in short interest during December. By December 15, the total short interest came to 6,300 shares, which is a significant decline of 46.6% from the previous month’s total of 11,800 shares recorded on November 30. Currently, about 0.6% of the company’s shares are being sold short. Given an average trading volume of 5,500 shares per day, the days-to-cover ratio stands at 1.1 days.

In the latest developments, SG Americas Securities LLC, a hedge fund, invested in Qurate Retail stock. In a recent 13F filing with the SEC, the fund disclosed that it acquired 10,447 shares valued at roughly $45,000 during the third quarter. At this time, it is reported that institutional investors and hedge funds collectively own about 2.25% of Qurate Retail’s stock.

Qurate Retail Stock Performance

As for the stock performance, NASDAQ QRTEB saw a decline of 3.5%, trading down by $0.07 to reach a price of $2.94. A total of 773 shares changed hands, compared to the average volume of 5,171. Over the past twelve months, the stock has hit a low of $2.58 and a high of $7.69. The company’s fifty-day moving average price is $3.22, while the 200-day moving average price stands at $3.67. With a market capitalization of $1.17 billion, Qurate Retail has a price-to-earnings ratio of -4.14 and a beta of 1.30. Additionally, the financial metrics reveal 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. operates within the video and online commerce sectors in North America, Europe, and Asia. The firm markets a variety of consumer products primarily through televised shopping programs focused on merchandise, as well as through internet and mobile applications. It also functions as an online retailer offering a wide array of products, including apparel for women, children, and men, along with home goods, accessories, and beauty products via its app, as well as mobile and desktop platforms.

Investment Considerations

Before deciding to invest in Qurate Retail, potential investors should consider the stock's current status. Market analysts have given Qurate Retail a "Hold" rating; however, there are five other stocks recommended by top analysts that are considered better opportunities right now.

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Qurate, Shares, Investors