QVC Group Inc. (NASDAQ:QVCGA) Sees Significant Decline in Short Interest

QVC Group Inc. (NASDAQ:QVCGA) was the target of a significant drop in short interest during the month of January. As of January 15th, there was short interest totaling 570,449 shares, a drop of 14.0% from the December 31st total of 663,172 shares. Currently, 8.1% of the company’s shares are sold short. Based on an average daily volume of 79,492 shares, the short-interest ratio is presently 7.2 days. Based on an average daily volume of 79,492 shares, the short-interest ratio is presently 7.2 days. Currently, 8.1% of the company’s shares are sold short.

Hedge Funds Weigh In On QVC Group

Several institutional investors have recently modified their holdings of QVCGA. Wilmington Savings Fund Society FSB acquired a new position in shares of QVC Group during the third quarter worth about $116,000. Voleon Capital Management LP acquired a new stake in shares of QVC Group during the third quarter worth about $167,000. Brevan Howard Capital Management LP acquired a new position in QVC Group during the third quarter worth approximately $167,000. Bank of America Corp DE increased its holdings in shares of QVC Group by 4,761.2% in the 3rd quarter. Bank of America Corp DE now owns 21,778 shares of the company’s stock valued at $294,000 after acquiring an additional 21,330 shares during the period. Finally, Man Group plc acquired a new position in QVC Group in the third quarter valued at $945,000. Institutional investors and hedge funds own 64.10% of the company’s stock.

Analysts Set New Price Targets

QVCGA has been the subject of several recent research reports. Weiss Ratings reissued a “sell (d-)” rating on shares of QVC Group in a research report on Monday, December 29th. Wall Street Zen raised shares of QVC Group from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of “Sell”.

QVC Group Stock Down 5.7%

NASDAQ:QVCGA traded down $0.63 on Tuesday, hitting $10.43. The stock had a trading volume of 50,927 shares, compared to its average volume of 59,341. The company has a fifty day moving average price of $10.34 and a two-hundred day moving average price of $9.42. QVC Group has a 1-year low of $2.27 and a 1-year high of $31.25. The stock has a market cap of $84.15 million, a price-to-earnings ratio of -0.02 and a beta of 2.62.

QVC Group (NASDAQ:QVCGA) last released its quarterly earnings data on Wednesday, November 5th. The company reported ($9.89) EPS for the quarter. The company had revenue of $2.21 billion during the quarter.

About QVC Group

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.