QRTEA short interest surges, indicating growing pessimism among investors


Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Qurate Retail Inc. shares valued at $82,406 were sold by Rawlinson David on Mar 17. At $0.92 per share, Rawlinson David sold 89,300 shares. The insider’s holdings dropped to 372,004 shares worth approximately $0.32 million following the completion of this transaction.

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Also, Wilm Renee L sold 18,100 shares, netting a total of over 16,708 in proceeds. Following the sale of shares at $0.92 each, the insider now holds 33,166 shares.

Before that, ROSENTHALER ALBERT E had sold 18,100 shares from its account. In a trade valued at $16,704, the Chief Corp. Dev. Officer traded Qurate Retail Inc. shares for $0.92 each. Upon closing the transaction, the insider’s holdings decreased to 18,100 shares, worth approximately $0.17 million.

Analyzing QRTEA Stock Performance

On Thursday, Qurate Retail Inc. [NASDAQ: QRTEA] plunged -0.38% to $0.87. The stock’s lowest price that day was $0.8499, but it reached a high of $0.95 in the same session. During the last five days, there has been a drop of approximately -18.31%. Over the course of the year, Qurate Retail Inc. shares have dropped approximately -46.37%. Shares of the company reached a 52-week high of $2.8400 on 02/03/23 and a 52-week low of $0.6702 on 04/26/23. A 50-day SMA is recorded $0.8821, while a 200-day SMA reached $1.9202. Nevertheless, trading volume fell to 7.15 million shares from 4.37 million shares the previous day.

Support And Resistance Levels for Qurate Retail Inc. (QRTEA)

According to the 24-hour chart, there is a support level at 0.8327, which, if violated, would cause prices to drop to 0.7912. In the upper region, resistance lies at 0.9328. The next price resistance is at 0.9914. RSI (Relative Strength Index) is 46.48 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.1099, which suggests the price will decrease in the coming days. Percent R is at 85.79%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.

Is Qurate Retail Inc. subject to short interest?

Stocks of Qurate Retail Inc. saw a sharp rise in short interest on May 14, 2023 jumping by 2.89 million shares to 33.39 million. Data from Yahoo Finance shows that the short interest on Apr 13, 2023 was 30.5 million shares. A jump of 8.66% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 5.2 of the overall float, the days-to-cover ratio (short ratio) jumped to 5.2.

Which companies own the most shares of Qurate Retail Inc. (QRTEA)?

According to The Vanguard Group, Inc. filings, the company currently owns 38,727,990 shares, which is about 10.34% of the total QRTEA shares outstanding. The investor’s shares have appreciated by 3,389,246 from its previous 13-F filing of 35338744.0 shares. A total of 372,267 shares of Qurate Retail Inc. were bought by Columbia Management Investment Ad during the quarter, and 3,140,478 were bought by SSgA Funds Management, Inc. In its current portfolio, D. E. Shaw & Co. LP holds 13,786,807 shares valued at $10.99 million.

In terms of Qurate Retail Inc. share price expectations, FactSet research, analysts set an average price target of $0.70 in the next 12 months, down nearly -20.45% from the previous closing price of $0.88. Analysts anticipate Qurate Retail Inc. stock to reach $0.90 by 2023, with the lowest price target being $0.50. In spite of this, 2 analysts ranked Qurate Retail Inc. stock as an Underweight at the end of 2023.


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