Qurate Retail, Inc. (NASDAQ:QRTEA - Get Free Report) was the recipient of a significant growth in short interest in March. As of March 31st, there was short interest totalling 7,500,000 shares, a growth of 33.7% from the March 15th total of 5,610,000 shares. Based on an average daily trading volume, of 2,860,000 shares, the short-interest ratio is presently 2.6 days. Approximately 2.1% of the shares of the company are short sold.
Qurate Retail Price Performance
Shares of Qurate Retail stock traded up $0.01 during trading on Friday, hitting $1.01. 6,771,194 shares of the company's stock traded hands, compared to its average volume of 2,538,400. Qurate Retail has a twelve month low of $0.40 and a twelve month high of $1.80. The company has a debt-to-equity ratio of 9.61, a current ratio of 1.41 and a quick ratio of 1.01. The company has a market cap of $395.67 million, a PE ratio of -2.73 and a beta of 2.70. The firm's fifty day moving average price is $1.14 and its 200 day moving average price is $0.87.
Qurate Retail (NASDAQ:QRTEA - Get Free Report) last released its quarterly earnings data on Wednesday, February 28th. The company reported $0.22 earnings per share for the quarter, beating analysts' consensus estimates of $0.13 by $0.09. Qurate Retail had a positive return on equity of 14.46% and a negative net margin of 1.33%. The company had revenue of $3.14 billion for the quarter.
Institutional Trading of Qurate Retail
Several institutional investors have recently bought and sold shares of QRTEA. FMR LLC raised its position in shares of Qurate Retail by 394.7% during the third quarter. FMR LLC now owns 41,646 shares of the company's stock worth $25,000 after acquiring an additional 33,228 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its holdings in Qurate Retail by 114.9% during the 1st quarter. Nomura Asset Management Co. Ltd. now owns 26,000 shares of the company's stock worth $26,000 after purchasing an additional 13,900 shares during the last quarter. Private Advisor Group LLC acquired a new position in Qurate Retail during the 1st quarter valued at about $26,000. Everpar Advisors LLC acquired a new position in Qurate Retail during the 4th quarter valued at about $27,000. Finally, Apollon Wealth Management LLC boosted its stake in shares of Qurate Retail by 41.7% in the 4th quarter. Apollon Wealth Management LLC now owns 16,986 shares of the company's stock valued at $28,000 after purchasing an additional 5,000 shares during the last quarter. Institutional investors and hedge funds own 64.10% of the company's stock.
About Qurate Retail
(
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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.
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