QVC Group Inc. (NASDAQ:QVCGA) Short Interest Down 14.0% in January

by · The Cerbat Gem

QVC Group Inc. (NASDAQ:QVCGA – Get Free Report) was the recipient of a significant decrease in short interest in January. As of January 15th, there was short interest totaling 570,449 shares, a decrease of 14.0% from the December 31st total of 663,172 shares. Approximately 8.1% of the company’s stock are sold short. Based on an average daily trading volume, of 79,492 shares, the short-interest ratio is currently 7.2 days. Based on an average daily trading volume, of 79,492 shares, the short-interest ratio is currently 7.2 days. Approximately 8.1% of the company’s stock are sold short.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Wall Street Zen upgraded shares of QVC Group from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. Weiss Ratings reiterated a “sell (d-)” rating on shares of QVC Group in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Check Out Our Latest Research Report on QVCGA

QVC Group Trading Up 0.3%

Shares of QVCGA traded up $0.03 during midday trading on Wednesday, reaching $10.46. 23,138 shares of the stock were exchanged, compared to its average volume of 57,990. The company has a market capitalization of $84.41 million, a P/E ratio of -0.02 and a beta of 2.67. The company’s 50 day moving average is $10.38 and its two-hundred day moving average is $9.47. QVC Group has a 52 week low of $2.27 and a 52 week high of $31.25.

QVC Group (NASDAQ:QVCGA – Get Free Report) last released its quarterly earnings data on Wednesday, November 5th. The company reported ($9.89) earnings per share (EPS) for the quarter. The firm had revenue of $2.21 billion for the quarter.

Institutional Trading of QVC Group

Institutional investors have recently made changes to their positions in the business. Bridgeway Capital Management LLC purchased a new stake in QVC Group in the second quarter valued at about $30,000. XTX Topco Ltd purchased a new position in QVC Group during the 2nd quarter worth approximately $32,000. Simplify Asset Management Inc. acquired a new position in QVC Group during the second quarter valued at $33,000. Qube Research & Technologies Ltd purchased a new stake in shares of QVC Group in the second quarter worth about $37,000. Finally, Invesco Ltd. acquired a new stake in shares of QVC Group during the 2nd quarter worth approximately $47,000. Institutional investors and hedge funds own 64.10% of the company’s stock.

About QVC Group

(Get Free Report)

QVC Group (NASDAQ:QVCGA) is a global omnichannel retailer specializing in video- and live-based shopping experiences across television, digital and mobile platforms. Founded in 1986 and headquartered in West Chester, Pennsylvania, the company offers an extensive range of products including fashion and accessories, beauty and personal care, home and garden goods, electronics and jewelry. QVC Group blends curated programming with on-demand ecommerce to engage customers through interactive demonstrations and storytelling.

The company operates through multiple segments, notably QVC U.S.

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