QVC Group Inc. (NASDAQ:QVCGA) Short Interest Up 80.1% in February

QVC Group Inc. (NASDAQ:QVCGA) was the target of a large growth in short interest in the month of February. As of February 13th, there was short interest totaling 964,692 shares, a growth of 80.1% from the January 29th total of 535,745 shares. Currently, 13.6% of the company’s shares are short sold. Based on an average trading volume of 346,342 shares, the short-interest ratio is currently 2.8 days. Based on an average trading volume of 346,342 shares, the short-interest ratio is currently 2.8 days. Currently, 13.6% of the company’s shares are short sold.

QVC Group Stock Performance

Shares of QVCGA traded down $0.32 during midday trading on Friday, hitting $3.02. The company had a trading volume of 155,825 shares, compared to its average volume of 247,499. QVC Group has a 1 year low of $2.27 and a 1 year high of $18.50. The company’s 50-day simple moving average is $8.50 and its 200-day simple moving average is $9.67.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on QVCGA. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of QVC Group in a research report on Monday, December 29th. Wall Street Zen upgraded QVC Group from a “sell” rating to a “hold” rating in a research note on Sunday, February 22nd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has an average rating of “Sell”.

Institutional Investors Weigh In On QVC Group

Several institutional investors have recently modified their holdings of QVCGA. Jump Financial LLC acquired a new position in shares of QVC Group during the fourth quarter worth $138,000. Price T Rowe Associates Inc. MD purchased a new stake in QVC Group during the 4th quarter worth about $133,000. Russell Investments Group Ltd. acquired a new position in shares of QVC Group during the 4th quarter worth about $43,000. Brooklands Fund Management Ltd increased its holdings in shares of QVC Group by 35.8% in the 4th quarter. Brooklands Fund Management Ltd now owns 35,457 shares of the company’s stock valued at $381,000 after acquiring an additional 9,344 shares during the last quarter. Finally, Wittenberg Investment Management Inc. increased its holdings in shares of QVC Group by 41.0% in the 4th quarter. Wittenberg Investment Management Inc. now owns 114,193 shares of the company’s stock valued at $1,194,000 after acquiring an additional 33,231 shares during the last quarter. 64.10% of the stock is owned by hedge funds and other institutional investors.

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.