Q.E.P. Co. (OTCMKTS:QEPC) Sees Large Decline in Short Interest

Q.E.P. Co. (OTCMKTS:QEPC) saw a large decline in short interest in the month of October. As of October 30th, there was short interest totaling 9 shares, a decline of 99.1% from the October 15th total of 961 shares. Based on an average daily trading volume, of 3,788 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the company’s shares are short sold.

Q.E.P. Trading Up 1.0%

QEPC stock traded up $0.55 during midday trading on Tuesday, reaching $55.00. 1,597 shares of the company’s stock traded hands, compared to its average volume of 2,502. Q.E.P. has a fifty-two week low of $35.05 and a fifty-two week high of $60.98. The business has a 50-day moving average price of $54.31 and a two-hundred day moving average price of $48.68.

Q.E.P. (OTCMKTS:QEPC) last announced its quarterly earnings results on Thursday, October 15th. The company reported $1.97 earnings per share (EPS) for the quarter. Q.E.P. had a return on equity of 18.67% and a net margin of 7.35%. The firm had revenue of $61.05 million during the quarter.

Q.E.P. Company Profile

Q.E.P. Co., Inc. is a manufacturer and distributor of tools, materials and accessories used to install and maintain flooring. Its product offerings are designed for professional flooring contractors, retailers and do-it-yourself consumers and include tile, carpet, hardwood, laminate and vinyl flooring installation products. The company’s portfolio includes flooring installation tools, adhesives, underlayments, trowels, spacers, cutters, kneepads, transition moldings and related accessories. Q.E.P. markets products under brands that include QEP and Roberts, among others, and distributes them through home-improvement centers, flooring distributors, specialty retailers and other sales channels.