Qurate Retail, Inc. (NASDAQ:QRTEP – Get Rating) was the target of a large increase in short interest in May. As of May 31st, there was short interest totalling 135,300 shares, an increase of 24.0% from the May 15th total of 109,100 shares. Based on an average daily trading volume, of 43,600 shares, the short-interest ratio is currently 3.1 days.
Several institutional investors and hedge funds have recently made changes to their positions in QRTEP. Staley Capital Advisers Inc. grew its holdings in shares of Qurate Retail by 22.1% during the first quarter. Staley Capital Advisers Inc. now owns 63,131 shares of the company’s stock worth $5,430,000 after buying an additional 11,446 shares in the last quarter. Shikiar Asset Management Inc. raised its position in shares of Qurate Retail by 16.7% in the 1st quarter. Shikiar Asset Management Inc. now owns 15,525 shares of the company’s stock worth $1,335,000 after buying an additional 2,225 shares during the period. Finally, Seizert Capital Partners LLC raised its position in shares of Qurate Retail by 32.5% in the 1st quarter. Seizert Capital Partners LLC now owns 7,853 shares of the company’s stock worth $675,000 after buying an additional 1,924 shares during the period.
Shares of NASDAQ:QRTEP opened at $51.00 on Friday. The stock’s fifty day simple moving average is $71.40. Qurate Retail has a 1-year low of $50.17 and a 1-year high of $110.00.
About Qurate Retail (Get Rating)
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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