Short Interest in Qurate Retail, Inc. (NASDAQ:QRTEB) Drops By 28.7%

Qurate Retail, Inc. (NASDAQ:QRTEB) was the recipient of a significant decline in short interest during the month of August. As of August 31st, there was short interest totalling 6,700 shares, a decline of 28.7% from the August 15th total of 9,400 shares. Based on an average daily volume of 4,100 shares, the days-to-cover ratio is presently 1.6 days. Currently, 0.7% of the company’s stock are short sold.

Qurate Retail Stock Down 5.2 %

QRTEB traded down $0.20 on Monday, reaching $3.66. The company’s stock had a trading volume of 992 shares, compared to its average volume of 5,185. The company has a market capitalization of $1.43 billion, a price-to-earnings ratio of -9.19 and a beta of 1.27. Qurate Retail has a fifty-two week low of $3.30 and a fifty-two week high of $9.15. The company has a quick ratio of 0.90, a current ratio of 1.34 and a debt-to-equity ratio of 10.65. The stock has a 50 day moving average of $3.91 and a two-hundred day moving average of $4.12.

Qurate Retail (NASDAQ:QRTEB) last issued its earnings results on Thursday, August 8th. The company reported $0.05 earnings per share (EPS) for the quarter. Qurate Retail had a negative net margin of 2.44% and a positive return on equity of 33.57%. The business had revenue of $2.41 billion during the quarter.

About Qurate Retail

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.