Qurate Retail, Inc. (NASDAQ: QRTEB – Get a rating) experienced a significant decline in short-term interest during the month of August. As of August 31, there was short interest totaling 35,400 shares, down 21.5% from the total of 45,100 shares as of August 15. Based on an average daily trading volume of 562,900 shares, the short-term interest rate ratio is currently 0.1 day.
In related news, CAO Brian J. Wendling sold 9,268 shares of Qurate Retail in a trade that took place on Monday, August 29. The stock was sold at an average price of $3.20, for a total transaction of $29,657.60. Following the 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, accessible via the SEC website.
Institutional entries and exits
Hedge funds and other institutional investors have recently been buying and selling stocks. Humankind Investments LLC acquired a new equity position in Qurate Retail in Q2, valued at approximately $41,000. HighTower Advisors LLC acquired a new equity position in Qurate Retail in Q4, valued at around $142,000. Finally, CSS LLC IL increased its stake in Qurate Retail shares by 7.7% in the 4th quarter. 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 held by institutional investors and hedge funds.
Qurate Retail Price Performance
Shares of QRTEB were up $0.34 in Thursday’s midday session, hitting $9.31. The company’s shares had a trading volume of 12,381 shares, compared to an average trading 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 a quick ratio of 0.62, a current ratio of 1.14 and a debt 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 an assessment) last released its quarterly earnings data on Friday, August 5. The company reported earnings per share of $0.12 for the quarter. The company posted revenue of $2.95 billion for the quarter. Qurate Retail achieved a return on equity of 11.81% and a net margin of 0.89%.
Company Profile Qurate Retail
Qurate Retail, Inc, together with its subsidiaries, is active in the video and e-commerce sectors in North America, Europe and Asia. The Company markets and sells various consumer products primarily through merchandise-oriented teleshopping, the Internet and mobile applications. It also operates as an online retailer offering clothing for women, children and men; and other products, such as home, accessories and beauty products through its apps, mobile and desktop.
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