Old QVC Group, Inc. (NASDAQ:QVCG) Short Interest Up ∞ in August

Old QVC Group, Inc. (NASDAQ:QVCG) was the target of a large increase in short interest in August. As of August 14th, there was short interest totaling 505,343 shares, an increase of ∞ from the July 30th total of 0 shares. Based on an average daily volume of 132,406 shares, the short-interest ratio is currently 3.8 days.

Insider Activity

In other news, major shareholder Goldentree Asset Management Lp purchased 44,542 shares of the business’s stock in a transaction dated Monday, August 17th. The shares were purchased at an average price of $15.18 per share, for a total transaction of $676,147.56. Following the completion of the purchase, the insider owned 8,628,324 shares in the company, valued at approximately $130,977,958.32. This represents a 0.52% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Over the last 90 days, insiders acquired 64,563 shares of company stock worth $980,829.

Old QVC Group Stock Performance

Shares of QVCG opened at $16.78 on Friday. Old QVC Group has a fifty-two week low of $14.60 and a fifty-two week high of $20.00.

About Old QVC Group

Old QVC Group (NASDAQ:QVCG) is a video and livestream commerce company whose operations center on QVC and HSN. The company combines television shopping, online retail, mobile applications and social commerce to offer products directly to consumers. Its merchandise generally includes apparel, beauty products, home goods, electronics, jewelry and other consumer products.

QVC Group traces its history to QVC, which was founded in 1986, and HSN, an earlier home-shopping network established in 1977.