Qurate Retail Inc Series A (NASDAQ:QRTEA) Short Interest Up 9.9% in June

Qurate Retail Inc Series A (NASDAQ:QRTEA) was the target of a significant growth in short interest in June. As of June 30th, there was short interest totalling 26,366,800 shares, a growth of 9.9% from the May 30th total of 23,983,700 shares. Based on an average daily trading volume, of 4,090,000 shares, the days-to-cover ratio is presently 6.4 days. Approximately 6.4% of the shares of the stock are short sold.

QRTEA stock opened at $12.93 on Tuesday. The stock’s 50 day moving average price is $12.71. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.02 and a quick ratio of 0.59. Qurate Retail Inc Series A has a fifty-two week low of $11.17 and a fifty-two week high of $25.03. The stock has a market capitalization of $5.43 billion, a price-to-earnings ratio of 6.95 and a beta of 1.12.

Qurate Retail Inc Series A (NASDAQ:QRTEA) last released its earnings results on Thursday, May 9th. The company reported $0.35 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.37 by ($0.02). Qurate Retail Inc Series A had a return on equity of 14.19% and a net margin of 4.22%. The firm had revenue of $3.09 billion for the quarter, compared to analysts’ expectations of $3.25 billion. During the same quarter in the previous year, the company posted $0.42 earnings per share. The firm’s quarterly revenue was down 4.5% on a year-over-year basis. As a group, sell-side analysts forecast that Qurate Retail Inc Series A will post 1.59 earnings per share for the current fiscal year.

In other Qurate Retail Inc Series A news, CEO Michael A. George bought 244,568 shares of the company’s stock in a transaction dated Monday, May 13th. The stock was acquired at an average price of $12.51 per share, with a total value of $3,059,545.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John C. Malone bought 800,000 shares of the company’s stock in a transaction dated Monday, May 13th. The shares were acquired at an average cost of $12.48 per share, with a total value of $9,984,000.00. The disclosure for this purchase can be found here. Insiders have bought 1,144,568 shares of company stock valued at $14,292,546 in the last ninety days. Insiders own 0.01% of the company’s stock.

Institutional investors have recently made changes to their positions in the business. Wrapmanager Inc. grew its position in shares of Qurate Retail Inc Series A by 4.6% during the first quarter. Wrapmanager Inc. now owns 18,174 shares of the company’s stock worth $290,000 after acquiring an additional 803 shares during the last quarter. Nissay Asset Management Corp Japan ADV grew its position in shares of Qurate Retail Inc Series A by 2.5% during the first quarter. Nissay Asset Management Corp Japan ADV now owns 34,709 shares of the company’s stock worth $555,000 after acquiring an additional 845 shares during the last quarter. Reliance Trust Co. of Delaware grew its position in shares of Qurate Retail Inc Series A by 3.5% during the first quarter. Reliance Trust Co. of Delaware now owns 36,536 shares of the company’s stock worth $583,000 after acquiring an additional 1,240 shares during the last quarter. Zions Bancorporation N.A. grew its position in shares of Qurate Retail Inc Series A by 61.0% during the first quarter. Zions Bancorporation N.A. now owns 3,279 shares of the company’s stock worth $53,000 after acquiring an additional 1,242 shares during the last quarter. Finally, QS Investors LLC purchased a new position in shares of Qurate Retail Inc Series A during the fourth quarter worth approximately $26,000. Institutional investors own 86.25% of the company’s stock.

A number of research analysts have commented on QRTEA shares. Zacks Investment Research cut shares of HEXO from a “hold” rating to a “sell” rating in a research report on Wednesday, May 15th. Evercore ISI started coverage on shares of Polarityte in a research report on Wednesday, March 20th. They issued an “outperform” rating and a $26.00 target price on the stock. Finally, Craig Hallum reaffirmed a “buy” rating and issued a $12.00 target price (up previously from $10.00) on shares of Akoustis Technologies in a research report on Monday, May 13th. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $24.67.

About Qurate Retail Inc Series A

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.

Further Reading: Overbought

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