Old QVC Group, Inc. (NASDAQ:QVCG) Sees Large Increase in Short Interest

Old QVC Group, Inc. (NASDAQ:QVCG) saw a significant increase in short interest in 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 currently 3.8 days.

Old QVC Group Stock Up 2.5%

Shares of QVCG traded up $0.42 during trading hours on Monday, hitting $17.20. The stock had a trading volume of 40,546 shares, compared to its average volume of 121,816. Old QVC Group has a 12-month low of $14.60 and a 12-month high of $20.00.

Insiders Place Their Bets

In related news, major shareholder Goldentree Asset Management Lp purchased 44,542 shares of the firm’s stock in a transaction on Monday, August 17th. The shares were bought at an average price of $15.18 per share, for a total transaction of $676,147.56. Following the acquisition, the insider directly owned 8,628,324 shares in the company, valued at $130,977,958.32. This trade represents a 0.52% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this link. Insiders have purchased a total of 64,563 shares of company stock worth $980,829 over the last quarter.

Old QVC Group Company Profile

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.