QVC Group Inc. (NASDAQ:QVCGA) Sees Significant Growth in Short Interest

QVC Group Inc. (NASDAQ:QVCGA) saw a significant increase in short interest in the month of February. As of February 13th, there was short interest totaling 964,692 shares, an increase of 80.1% from the January 29th total of 535,745 shares. Currently, 13.6% of the company’s shares are sold short. Based on an average daily trading volume, of 346,342 shares, the short-interest ratio is currently 2.8 days. Based on an average daily trading volume, of 346,342 shares, the short-interest ratio is currently 2.8 days. Currently, 13.6% of the company’s shares are sold short.

QVC Group Trading Down 9.6%

QVCGA opened at $3.02 on Monday. The company has a fifty day moving average price of $8.50 and a two-hundred day moving average price of $9.67. QVC Group has a 1-year low of $2.27 and a 1-year high of $18.50. The company has a market cap of $24.37 million, a P/E ratio of -0.01 and a beta of 2.79.

Institutional Investors Weigh In On QVC Group

Several hedge funds and other institutional investors have recently modified their holdings of the company. Russell Investments Group Ltd. acquired a new position in shares of QVC Group during the fourth quarter worth approximately $43,000. Wilmington Savings Fund Society FSB acquired a new position in QVC Group during the third quarter worth $116,000. Bridgeway Capital Management LLC bought a new position in shares of QVC Group in the second quarter valued at $30,000. XTX Topco Ltd acquired a new position in shares of QVC Group during the second quarter valued at about $32,000. Finally, Simplify Asset Management Inc. acquired a new position in shares of QVC Group during the second quarter valued at about $33,000. Institutional investors own 64.10% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on QVCGA. Wall Street Zen raised shares of QVC Group from a “sell” rating to a “hold” rating in a research report on Sunday, February 22nd. Weiss Ratings restated a “sell (d-)” rating on shares of QVC Group in a report on Monday, December 29th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has a consensus rating of “Sell”.

QVC Group Company Profile

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.