Short Interest in Old QVC Group, Inc. (NASDAQ:QVCG) Grows By ∞

Old QVC Group, Inc. (NASDAQ:QVCG) was the target of a significant increase in short interest during the month of August. As of August 14th, there was short interest totaling 505,343 shares, an increase of ∞ from the July 30th total of 0 shares. Based on an average daily volume of 132,406 shares, the short-interest ratio is presently 3.8 days.

Insider Transactions at Old QVC Group

In other Old QVC Group news, major shareholder Goldentree Asset Management Lp bought 2,039 shares of the business’s stock in a transaction dated Tuesday, August 25th. The shares were purchased at an average price of $15.23 per share, with a total value of $31,053.97. Following the completion of the purchase, the insider owned 8,647,933 shares in the company, valued at $131,708,019.59. This represents a 0.02% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders have bought a total of 64,563 shares of company stock valued at $980,829 over the last ninety days.

Old QVC Group Stock Up 3.4%

QVCG opened at $16.78 on Friday. Old QVC Group has a 52-week low of $14.60 and a 52-week high of $20.00.

About Old QVC Group

Old QVC Group (NASDAQ:QVCG) is a video and livestream commerce company whose operations center on QVC and HSN. The company combines television shopping, online retail, mobile applications and social commerce to offer products directly to consumers. Its merchandise generally includes apparel, beauty products, home goods, electronics, jewelry and other consumer products.

QVC Group traces its history to QVC, which was founded in 1986, and HSN, an earlier home-shopping network established in 1977.