Q.E.P. Co. (OTCMKTS:QEPC) Shares Shorted: Short Interest Down 63.4% in September

Q.E.P. Co. (OTCMKTS:QEPC) was the recipient of a significant drop in short interest during the month of September. As of September 15th, there was short interest totaling 149 shares, a drop of 63.4% from the August 31st total of 407 shares. Based on an average daily trading volume, of 3,245 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s shares are sold short.

Q.E.P. Stock Performance

Shares of QEPC remained flat at $53.48 during trading hours on Tuesday. The stock had a trading volume of 609 shares, compared to its average volume of 1,029. Q.E.P. has a 1 year low of $35.05 and a 1 year high of $56.00. The company’s 50-day moving average is $52.98 and its 200 day moving average is $49.43. The firm has a market cap of $163.65 million, a price-to-earnings ratio of 15.28 and a beta of -0.20.

Q.E.P. (OTCMKTS:QEPC) last posted its quarterly earnings results on Wednesday, July 15th. The company reported $1.33 earnings per share (EPS) for the quarter. The business had revenue of $60.96 million for the quarter. Q.E.P. had a return on equity of 16.07% and a net margin of 6.59%.

About Q.E.P.

Q.E.P. Co, Inc is a manufacturer and distributor of tools, equipment and installation supplies used in the flooring industry. The company’s product offerings serve installation and maintenance applications for carpet, hardwood, laminate, vinyl, tile and other floor coverings.

Its products include flooring hand tools, cutting and seam equipment, underlayment, adhesives, grouts, trowels, installation accessories and related jobsite supplies. Q.E.P. sells through home improvement retailers, flooring distributors and other specialty channels to professional installers, contractors and do-it-yourself customers.

Based in Boca Raton, Florida, Q.E.P.