Qurate Retail Inc Series A (NASDAQ:QRTEA) Short Interest Update

Qurate Retail Inc Series A (NASDAQ:QRTEA) was the target of a significant growth in short interest in October. As of October 31st, there was short interest totalling 35,860,000 shares, a growth of 5.4% from the September 30th total of 34,030,000 shares. Approximately 9.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 3,960,000 shares, the days-to-cover ratio is presently 9.1 days.

Several hedge funds have recently modified their holdings of QRTEA. Citizens Financial Group Inc RI boosted its holdings in shares of Qurate Retail Inc Series A by 150.9% in the 3rd quarter. Citizens Financial Group Inc RI now owns 2,509 shares of the company’s stock valued at $26,000 after purchasing an additional 1,509 shares in the last quarter. Avestar Capital LLC boosted its holdings in shares of Qurate Retail Inc Series A by 27.0% in the 2nd quarter. Avestar Capital LLC now owns 4,269 shares of the company’s stock valued at $32,000 after purchasing an additional 908 shares in the last quarter. TRUE Private Wealth Advisors acquired a new stake in shares of Qurate Retail Inc Series A in the 2nd quarter valued at $36,000. Signaturefd LLC boosted its holdings in shares of Qurate Retail Inc Series A by 15.6% in the 2nd quarter. Signaturefd LLC now owns 6,019 shares of the company’s stock valued at $75,000 after purchasing an additional 810 shares in the last quarter. Finally, Mercer Capital Advisers Inc. acquired a new stake in shares of Qurate Retail Inc Series A in the 3rd quarter valued at $77,000. 90.16% of the stock is currently owned by hedge funds and other institutional investors.

QRTEA has been the topic of a number of analyst reports. Craig Hallum reduced their price target on Qurate Retail Inc Series A from $24.00 to $16.00 and set a “buy” rating on the stock in a research report on Tuesday, November 12th. UBS Group reduced their price target on Qurate Retail Inc Series A from $17.00 to $16.00 and set a “buy” rating on the stock in a research report on Tuesday, November 12th. Zacks Investment Research downgraded Qurate Retail Inc Series A from a “buy” rating to a “hold” rating in a research report on Saturday. Evercore ISI reissued a “hold” rating on shares of Qurate Retail Inc Series A in a research report on Wednesday, November 13th. Finally, ValuEngine raised Qurate Retail Inc Series A from a “strong sell” rating to a “sell” rating in a research report on Wednesday, October 2nd. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $19.00.

Shares of QRTEA stock traded down $0.23 during trading hours on Monday, reaching $10.07. The company’s stock had a trading volume of 4,822,800 shares, compared to its average volume of 3,761,535. The firm’s 50 day simple moving average is $9.77 and its 200-day simple moving average is $11.94. The company has a market capitalization of $4.20 billion, a price-to-earnings ratio of 5.41, a PEG ratio of 0.47 and a beta of 1.16. Qurate Retail Inc Series A has a fifty-two week low of $9.11 and a fifty-two week high of $24.10. The company has a quick ratio of 0.64, a current ratio of 1.14 and a debt-to-equity ratio of 1.33.

Qurate Retail Inc Series A (NASDAQ:QRTEA) last issued its earnings results on Monday, November 11th. The company reported $0.42 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.08. The firm had revenue of $3.09 billion for the quarter, compared to the consensus estimate of $3.12 billion. Qurate Retail Inc Series A had a positive return on equity of 14.94% and a negative net margin of 2.37%. The company’s revenue was down 4.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.37 EPS. Sell-side analysts predict that Qurate Retail Inc Series A will post 1.92 earnings per share for the current year.

Qurate Retail Inc Series A Company Profile

Qurate Retail, Inc, through 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 live video programs, Websites, and mobile applications to 404 million households worldwide each day.

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