Qurate Retail, Inc. (NASDAQ:QRTEB) Experiences Notable Short Interest Drop

Qurate Retail, Inc. (NASDAQ:QRTEB) has reported a significant reduction in short interest for the month of December. As of December 15th, the short interest totaled 6,300 shares, which represents a considerable decline of 46.6% from the November 30th figure of 11,800 shares. Currently, about 0.6% of the company's shares are sold short. Given the average daily trading volume of 5,500 shares, the days-to-cover ratio reflects a current measure of 1.1 days.

Qurate Retail Alerts:

Institutional Investment in Qurate Retail

Recently, there was a notable move from institutional investors regarding Qurate Retail stock. According to the latest 13F filing with the SEC, SG Americas Securities LLC acquired a new stake in the company during the third quarter, purchasing 10,447 shares valued at approximately $45,000. Overall, institutional investors and hedge funds together own around 2.25% of the stock.

Qurate Retail Stock Performance

On the trading front, Qurate Retail’s stock saw a decline of 3.5% on Friday, with shares decreasing by $0.07 to reach $2.94. In total, 773 shares changed hands, which is below the average trading volume of 5,171. Over the past year, the stock has seen a low of $2.58 and a high of $7.69. As for moving averages, the fifty-day moving average price stands at $3.22, while the 200-day moving average price is $3.67. The company's market capitalization is approximately $1.17 billion, with a price-to-earnings ratio of -4.14 and a beta of 1.30. Additionally, it has a debt-to-equity ratio of 8.74, a quick ratio of 0.73, and a current ratio of 1.22.

Overview of Qurate Retail

Qurate Retail, Inc., alongside its subsidiaries, operates within the video and online commerce industries across North America, Europe, and Asia. The company primarily markets and sells a variety of consumer products through merchandise-focused shopping programs on TV, as well as online and mobile platforms. It also functions as an online retailer, offering a diverse range of products, including clothing for women, children, and men, alongside home goods, accessories, and beauty products through its app and website.

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Investment Considerations for Qurate Retail

Before deciding to invest $1,000 in Qurate Retail, it is essential to consider the opinions of top analysts. Current consensus rates the stock as a "Hold"; however, analysts have pointed out five alternative stocks they believe are more favorable investments at this time.

For further insights regarding stocks bought by prominent institutional investors, please check the resources available for additional information.

Qurate, Retail, Stocks