Short Interest in QVC Group Inc. (NASDAQ:QVCGA) Decreases By 14.0%

QVC Group Inc. (NASDAQ:QVCGA) was the target of a significant decrease in short interest during the month of January. As of January 15th, there was short interest totaling 570,449 shares, a decrease of 14.0% from the December 31st total of 663,172 shares. Currently, 8.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 79,492 shares, the short-interest ratio is presently 7.2 days. Based on an average daily trading volume, of 79,492 shares, the short-interest ratio is presently 7.2 days. Currently, 8.1% of the shares of the stock are short sold.

Analyst Ratings Changes

A number of research firms have commented on QVCGA. Wall Street Zen upgraded shares of QVC Group from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of QVC Group in a report on Monday, December 29th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, QVC Group has a consensus rating of “Sell”.

Institutional Investors Weigh In On QVC Group

Several institutional investors have recently modified their holdings of the company. Wilmington Savings Fund Society FSB purchased a new position in QVC Group in the 3rd quarter valued at about $116,000. Bridgeway Capital Management LLC purchased a new stake in shares of QVC Group during the 2nd quarter worth about $30,000. XTX Topco Ltd acquired a new stake in QVC Group during the 2nd quarter worth approximately $32,000. Simplify Asset Management Inc. acquired a new stake in QVC Group during the 2nd quarter worth approximately $33,000. Finally, Voleon Capital Management LP purchased a new position in QVC Group in the third quarter valued at approximately $167,000. 64.10% of the stock is owned by hedge funds and other institutional investors.

QVC Group Price Performance

QVCGA opened at $10.46 on Thursday. The business has a fifty day moving average price of $10.41 and a 200 day moving average price of $9.48. QVC Group has a 12 month low of $2.27 and a 12 month high of $31.25. The stock has a market capitalization of $84.41 million, a price-to-earnings ratio of -0.02 and a beta of 2.67.

QVC Group (NASDAQ:QVCGA) last announced its quarterly earnings data on Wednesday, November 5th. The company reported ($9.89) earnings per share (EPS) for the quarter. The firm had revenue of $2.21 billion during the quarter.

About QVC Group

QVC Group (NASDAQ:QVCGA) is a global omnichannel retailer specializing in video- and live-based shopping experiences across television, digital and mobile platforms. Founded in 1986 and headquartered in West Chester, Pennsylvania, the company offers an extensive range of products including fashion and accessories, beauty and personal care, home and garden goods, electronics and jewelry. QVC Group blends curated programming with on-demand ecommerce to engage customers through interactive demonstrations and storytelling.

The company operates through multiple segments, notably QVC U.S.