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

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

QVC Group Stock Up 7.4%

Shares of QVCGA stock opened at $2.17 on Wednesday. The stock has a market cap of $17.51 million, a P/E ratio of 0.00 and a beta of 2.78. QVC Group has a fifty-two week low of $1.78 and a fifty-two week high of $15.98. The business has a fifty day simple moving average of $5.20 and a 200-day simple moving average of $8.98.

Wall Street Analyst Weigh In

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

Institutional Trading of QVC Group

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

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.