Qurate Retail, Inc. (NASDAQ:QRTEA) Short Interest Down 16.2% in January

Qurate Retail, Inc. (NASDAQ:QRTEA) was the target of a significant drop in short interest during the month of January. As of January 15th, there was short interest totalling 4,080,000 shares, a drop of 16.2% from the December 31st total of 4,870,000 shares. Based on an average trading volume of 2,420,000 shares, the days-to-cover ratio is presently 1.7 days. Approximately 1.2% of the shares of the stock are sold short.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on shares of Qurate Retail in a research report on Sunday, January 26th. They issued a “hold” rating on the stock.

Institutional Investors Weigh In On Qurate Retail

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Hestia Capital Management LLC bought a new stake in shares of Qurate Retail during the fourth quarter worth about $713,000. GSA Capital Partners LLP bought a new stake in shares of Qurate Retail during the third quarter worth about $714,000. Point72 Asset Management L.P. bought a new stake in shares of Qurate Retail during the second quarter worth about $378,000. Wittenberg Investment Management Inc. increased its position in shares of Qurate Retail by 16.8% during the third quarter. Wittenberg Investment Management Inc. now owns 4,073,857 shares of the company’s stock worth $2,485,000 after acquiring an additional 587,027 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB bought a new stake in shares of Qurate Retail during the fourth quarter worth about $156,000. 64.10% of the stock is owned by institutional investors.

Qurate Retail Trading Down 1.1 %

Shares of NASDAQ:QRTEA traded down $0.00 during mid-day trading on Friday, reaching $0.35. 1,945,144 shares of the company’s stock were exchanged, compared to its average volume of 1,443,273. The firm has a market capitalization of $140.16 million, a price-to-earnings ratio of -0.50 and a beta of 2.68. The business’s fifty day moving average price is $0.37 and its 200-day moving average price is $0.51. The company has a debt-to-equity ratio of 8.74, a quick ratio of 0.73 and a current ratio of 1.22. Qurate Retail has a twelve month low of $0.31 and a twelve month high of $1.80.

Qurate Retail (NASDAQ:QRTEA) last issued its quarterly earnings results on Thursday, November 7th. The company reported ($0.06) EPS for the quarter. Qurate Retail had a positive return on equity of 23.22% and a negative net margin of 2.71%. The business had revenue of $2.34 billion for the quarter.

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.