Short Interest in Qurate Retail, Inc. (NASDAQ:QRTEA) Decreases By 15.7%

Qurate Retail, Inc. (NASDAQ:QRTEA) was the target of a significant drop in short interest during the month of October. As of October 31st, there was short interest totalling 11,400,000 shares, a drop of 15.7% from the October 15th total of 13,520,000 shares. Based on an average trading volume of 7,230,000 shares, the short-interest ratio is currently 1.6 days. Approximately 3.3% of the shares of the company are short sold.

Wall Street Analyst Weigh In

A number of research firms have weighed in on QRTEA. Citigroup lifted their price target on shares of Qurate Retail from $0.90 to $1.10 and gave the stock a “neutral” rating in a research note on Monday, July 24th. StockNews.com began coverage on shares of Qurate Retail in a research note on Tuesday, November 7th. They set a “hold” rating on the stock.

Qurate Retail Stock Performance

Shares of NASDAQ:QRTEA opened at $0.64 on Monday. The stock has a market capitalization of $249.10 million, a P/E ratio of 3.20 and a beta of 2.14. Qurate Retail has a 1-year low of $0.40 and a 1-year high of $2.84. The company has a current ratio of 1.42, a quick ratio of 1.08 and a debt-to-equity ratio of 6.98. The business has a 50-day moving average price of $0.56 and a two-hundred day moving average price of $0.81.

Institutional Trading of Qurate Retail

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Contrarius Investment Management Ltd bought a new position in shares of Qurate Retail during the first quarter worth $35,891,000. Vanguard Group Inc. lifted its holdings in Qurate Retail by 0.3% during the third quarter. Vanguard Group Inc. now owns 34,355,412 shares of the company’s stock worth $69,055,000 after acquiring an additional 93,235 shares in the last quarter. BlackRock Inc. lifted its holdings in Qurate Retail by 2.0% during the third quarter. BlackRock Inc. now owns 25,219,364 shares of the company’s stock worth $50,692,000 after acquiring an additional 490,593 shares in the last quarter. Ameriprise Financial Inc. grew its stake in Qurate Retail by 6.2% in the first quarter. Ameriprise Financial Inc. now owns 17,301,615 shares of the company’s stock valued at $17,091,000 after acquiring an additional 1,004,980 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in Qurate Retail by 0.7% in the first quarter. Dimensional Fund Advisors LP now owns 14,036,062 shares of the company’s stock valued at $66,814,000 after acquiring an additional 98,285 shares during the period. 72.53% of the stock is owned by institutional investors.

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.