Qurate Retail, Inc. (NASDAQ:QRTEB) Short interest rates fell 21.5% in August

Qurate Retail, Inc. (NASDAQ:QRTEB – Get Rating) saw a significant drop in short interest rates during the month of August. As of August 31, there were short interest totaling 35,400 shares, down 21.5% from the total of 45,100 shares on August 15. Based on an average daily trading volume of 562,900 shares, the short-term index is currently 0.1 day.

internal activity

In related news, CAO Brian J. Wendling sold 9,268 shares of Qurate Retail in a transaction that took place on Monday, August 29. The stock sold at an average price of $3.20, for a total transaction of $29,657.60. Upon completion of the sale, the chief accounting officer now directly owns 75,316 shares of the company, valued at approximately $241,011.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC’s website.

Institutional Inputs and Outputs

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Humankind Investments LLC acquired a new position in Qurate Retail stock in Q2 valued at approximately $41,000. HighTower Advisors LLC acquired a new position in Qurate Retail stock in Q4, valued at approximately $142,000. Finally, CSS LLC IL increased its share of Qurate Retail shares by 7.7% in Q4. CSS LLC IL now owns 23,372 shares of the company valued at $177,000 after purchasing an additional 1,662 shares during the period. 0.01% of the shares are owned by institutional investors and hedge funds.

Qurate retail price performance

QRTEB shares traded higher by $0.34 during Thursday’s midday trade to hit $9.31. The company’s shares had a trading volume of 12,381 shares, compared to its average volume of 252,348. Qurate Retail has a one-year low of $3.04 and a one-year high of $21.93. The company’s fifty-day simple moving average is $8.72 and its two-hundred-day simple moving average is $6.16. The company has an immediate liquidity ratio of 0.62, a current liquidity ratio of 1.14 and a debt-to-equity ratio of 1.68. The stock has a market capitalization of $3.56 billion, a price/earnings ratio of 30.80 and a beta of 1.23.

Qurate Retail (NASDAQ:QRTEB – Get Rating) last released its quarterly earnings data on Friday, August 5th. The company reported earnings of $0.12 per share for the quarter. The business had revenue of $2.95 billion in the quarter. Qurate Retail had a return on equity of 11.81% and a net margin of 0.89%.

Qurate Retail Company Profile

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Qurate Retail, Inc, along with its subsidiaries, is active in the video and e-commerce industries in North America, Europe and Asia. The company markets and sells various consumer products primarily through merchandise-focused television shopping programs, the Internet, and mobile applications. It also operates as an online retailer offering women’s, children’s and men’s clothing; and other products such as home, accessories and beauty products through its app, mobile and desktop apps.

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