Short Interest in QVC Group Inc. (NASDAQ:QVCGA) Expands By 18.5%

QVC Group Inc. (NASDAQ:QVCGA) saw a large increase in short interest in the month of March. As of March 13th, there was short interest totaling 1,013,043 shares, an increase of 18.5% from the February 26th total of 854,972 shares. Based on an average trading volume of 109,237 shares, the days-to-cover ratio is presently 9.3 days. Approximately 14.3% of the shares of the company are short sold.

QVC Group Stock Down 3.2%

NASDAQ:QVCGA opened at $2.10 on Thursday. QVC Group has a 52 week low of $1.78 and a 52 week high of $15.98. The stock’s 50-day moving average price is $5.03 and its 200-day moving average price is $8.93. The stock has a market capitalization of $16.95 million, a PE ratio of 0.00 and a beta of 2.85.

Institutional Trading of QVC Group

A number of institutional investors and hedge funds have recently made changes to their positions in QVCGA. Russell Investments Group Ltd. purchased a new position in shares of QVC Group during the 4th quarter valued at approximately $43,000. Wilmington Savings Fund Society FSB acquired a new stake in QVC Group in the 3rd quarter valued at $116,000. Bridgeway Capital Management LLC purchased a new stake in QVC Group in the 2nd quarter worth $30,000. XTX Topco Ltd purchased a new stake in QVC Group in the 2nd quarter worth $32,000. Finally, Voleon Capital Management LP acquired a new position in QVC Group during the third quarter worth $167,000. 64.10% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Weiss Ratings reissued a “sell (d-)” rating on shares of QVC Group in a report on Monday, December 29th. Wall Street Zen downgraded QVC Group from a “hold” rating to a “sell” rating in a report on Saturday, March 7th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.

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.