Qurate Retail, Inc. (NASDAQ:QRTEA) Short Interest Update

Qurate Retail, Inc. (NASDAQ:QRTEA) saw a significant drop in short interest in the month of July. As of July 15th, there was short interest totalling 5,420,000 shares, a drop of 17.4% from the June 30th total of 6,560,000 shares. Based on an average daily volume of 5,730,000 shares, the short-interest ratio is presently 0.9 days. Currently, 1.5% of the shares of the company are short sold.

Institutional Trading of Qurate Retail

A number of hedge funds have recently made changes to their positions in the company. Charles Schwab Investment Management Inc. increased its holdings in Qurate Retail by 37.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 14,986,921 shares of the company’s stock valued at $13,121,000 after purchasing an additional 4,119,957 shares during the period. Acadian Asset Management LLC increased its stake in shares of Qurate Retail by 28.7% in the first quarter. Acadian Asset Management LLC now owns 5,950,168 shares of the company’s stock valued at $7,316,000 after buying an additional 1,327,990 shares during the period. Brigade Capital Management LP raised its position in shares of Qurate Retail by 249.4% during the fourth quarter. Brigade Capital Management LP now owns 2,917,578 shares of the company’s stock worth $2,554,000 after acquiring an additional 2,082,561 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in shares of Qurate Retail by 10.7% in the fourth quarter. Assenagon Asset Management S.A. now owns 2,435,199 shares of the company’s stock worth $2,132,000 after acquiring an additional 234,810 shares during the period. Finally, Investment Management Associates Inc. ADV boosted its holdings in Qurate Retail by 8.5% in the fourth quarter. Investment Management Associates Inc. ADV now owns 2,069,350 shares of the company’s stock valued at $1,812,000 after acquiring an additional 161,805 shares during the last quarter. 64.10% of the stock is owned by institutional investors and hedge funds.

Qurate Retail Trading Up 2.4 %

NASDAQ QRTEA traded up $0.02 on Tuesday, hitting $0.73. 2,012,723 shares of the company’s stock were exchanged, compared to its average volume of 4,108,300. The stock has a 50-day moving average of $0.70 and a 200-day moving average of $0.91. Qurate Retail has a 52 week low of $0.40 and a 52 week high of $1.80. The company has a quick ratio of 0.89, a current ratio of 1.33 and a debt-to-equity ratio of 12.97.

Qurate Retail (NASDAQ:QRTEA) last announced its quarterly earnings data on Wednesday, May 8th. The company reported $0.04 earnings per share for the quarter. Qurate Retail had a positive return on equity of 23.19% and a negative net margin of 1.56%. The business had revenue of $2.34 billion during the quarter.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Qurate Retail from a “hold” rating to a “sell” rating in a report on Monday.

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.