QVC Group Inc. (NASDAQ:QVCGA) Short Interest Update

QVC Group Inc. (NASDAQ:QVCGA) was the target of a significant increase in short interest during the month of March. As of March 13th, there was short interest totaling 1,013,043 shares, an increase of 18.5% from the February 26th total of 854,972 shares. Based on an average daily volume of 109,237 shares, the short-interest ratio is currently 9.3 days. Currently, 14.3% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Wall Street Zen cut QVC Group from a “hold” rating to a “sell” rating in a report on Saturday, March 7th. Weiss Ratings restated a “sell (d-)” rating on shares of QVC Group in a report on Monday, December 29th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has an average rating of “Sell”.

Institutional Trading of QVC Group

A number of hedge funds have recently modified their holdings of QVCGA. Bridgeway Capital Management LLC acquired a new position in QVC Group in the 2nd quarter worth about $30,000. XTX Topco Ltd purchased a new stake in shares of QVC Group during the 2nd quarter worth about $32,000. Qube Research & Technologies Ltd acquired a new stake in shares of QVC Group during the 2nd quarter valued at about $37,000. Russell Investments Group Ltd. acquired a new stake in shares of QVC Group during the 4th quarter valued at about $43,000. Finally, Invesco Ltd. bought a new stake in shares of QVC Group in the 2nd quarter valued at approximately $47,000. Hedge funds and other institutional investors own 64.10% of the company’s stock.

QVC Group Stock Up 7.4%

Shares of QVC Group stock traded up $0.15 during trading on Tuesday, hitting $2.17. The stock had a trading volume of 124,123 shares, compared to its average volume of 175,473. QVC Group has a 1 year low of $1.78 and a 1 year high of $15.98. The stock has a 50 day simple moving average of $5.36 and a 200 day simple moving average of $9.04. The company has a market capitalization of $17.51 million, a PE ratio of 0.00 and a beta of 2.79.

QVC Group Company Profile

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.