Qurate Retail, Inc. (NASDAQ:QRTEA) Short Interest Declines Significantly in January

Qurate Retail, Inc. (NASDAQ:QRTEA) experienced a notable decrease in short interest in January. As of January 15, the short interest stood at 4,080,000 shares, representing a 16.2% drop from the December 31 total of 4,870,000 shares. Given an average trading volume of 2,420,000 shares, the current days-to-cover ratio is 1.7 days. Approximately 1.2% of the company's shares are currently sold short.

Institutional Trading of Qurate Retail

In recent months, hedge funds and institutional investors have altered their stakes in Qurate Retail. For example, Parkwoods Wealth Partners LLC increased its position by 70.7% during the fourth quarter, now holding 90,480 shares valued at $30,000 after purchasing 37,488 shares last quarter. Similarly, Virtu Financial LLC raised its stake by 76.6% in the third quarter, now owning 91,779 shares worth $56,000 after buying an additional 39,807 shares. Mackenzie Financial Corp expanded its position by 100.9% in the second quarter, now possessing 104,936 shares valued at $66,000 after acquiring 52,706 shares in the last quarter. Victory Capital Management Inc. significantly increased its holdings by 246.4% in the third quarter, with 161,293 shares valued at $98,000 after purchasing an extra 114,736 shares. Additionally, Kovitz Investment Group Partners LLC entered a new position in the third quarter valued at about $101,000. Currently, 64.10% of Qurate Retail's stock is owned by institutional investors.

Analysts Set New Price Targets

Additionally, StockNews.com recently initiated coverage on Qurate Retail with a "hold" rating in a research report released on January 26.

Qurate Retail Stock Performance

On the trading front, QRTEA stock saw a slight change, trading down by $0.00 to reach $0.35 on Friday. The trading volume for the day was 1,945,144 shares, exceeding the average volume of 1,443,273. Over the past year, the stock hit a low of $0.31 and a high of $1.80. The company's market capitalization is approximately $140.16 million, with a P/E ratio of -0.50 and a beta of 2.68. The fifty-day moving average is $0.37, while the two-hundred-day moving average stands at $0.51. Financial ratios show a debt-to-equity ratio of 8.74, a current ratio of 1.22, and a quick ratio of 0.73.

Qurate Retail reported its quarterly earnings on November 7, revealing a loss of ($0.06) per share for the quarter. The company's net margin was negative at 2.71%, but it achieved a positive return on equity of 23.22%. It recorded revenues amounting to $2.34 billion for that quarter.

Qurate Retail Company Profile

Qurate Retail, Inc. operates in the video and online commerce sectors across North America, Europe, and Asia. The company markets consumer products through televised shopping programs, online platforms, and mobile applications. It also functions as an online retailer, offering a variety of products, including apparel for women, children, and men, along with home goods, accessories, and beauty items, available through its mobile and desktop applications.

Qurate, Retail, Short