Short Interest in Qurate Retail, Inc. (NASDAQ:QRTEB) Grows By 20.0%

Qurate Retail, Inc. (NASDAQ:QRTEB) was the recipient of a large increase in short interest during the month of January. As of January 31st, there was short interest totalling 6,600 shares, an increase of 20.0% from the January 15th total of 5,500 shares. Approximately 0.7% of the company’s shares are short sold. Based on an average daily trading volume, of 5,900 shares, the short-interest ratio is currently 1.1 days.

Hedge Funds Weigh In On Qurate Retail

A hedge fund recently raised its stake in Qurate Retail stock. Rhumbline Advisers lifted its position in shares of Qurate Retail, Inc. (NASDAQ:QRTEB) by 745.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 10,363 shares of the company’s stock after purchasing an additional 9,137 shares during the quarter. Rhumbline Advisers’ holdings in Qurate Retail were worth $30,000 as of its most recent filing with the SEC. 2.25% of the stock is currently owned by institutional investors and hedge funds.

Qurate Retail Trading Up 0.5 %

Shares of QRTEB traded up $0.01 during mid-day trading on Monday, hitting $2.20. The company had a trading volume of 1,928 shares, compared to its average volume of 2,292. Qurate Retail has a 1-year low of $2.01 and a 1-year high of $6.50. The business’s 50-day simple moving average is $2.60 and its 200-day simple moving average is $3.28. The stock has a market cap of $873.29 million, a PE ratio of -3.10 and a beta of 1.30. The company has a quick ratio of 0.73, a current ratio of 1.22 and a debt-to-equity ratio of 8.74.

Qurate Retail Company Profile

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.