Old QVC Group, Inc. (NASDAQ:QVCG – Get Free Report) saw a significant decline in short interest during the month of August. As of August 31st, there was short interest totaling 265,633 shares, a decline of 47.4% from the August 15th total of 505,343 shares. Based on an average daily volume of 117,318 shares, the short-interest ratio is currently 2.3 days.
Insiders Place Their Bets
In other Old QVC Group news, major shareholder Goldentree Asset Management Lp bought 1,600,000 shares of the firm’s stock in a transaction dated Tuesday, September 8th. The shares were purchased at an average cost of $16.25 per share, for a total transaction of $26,000,000.00. Following the transaction, the insider owned 10,991,951 shares of the company’s stock, valued at $178,619,203.75. This represents a 17.04% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Silver Point Capital L.P. sold 1,600,000 shares of the business’s stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $16.25, for a total transaction of $26,000,000.00. Following the transaction, the insider owned 6,301,038 shares in the company, valued at $102,391,867.50. This trade represents a 20.25% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have purchased 2,408,172 shares of company stock worth $39,197,788.
Old QVC Group Stock Performance
Shares of QVCG stock traded down $0.31 on Tuesday, hitting $16.04. The stock had a trading volume of 74,859 shares, compared to its average volume of 253,461. Old QVC Group has a one year low of $14.60 and a one year high of $20.00.
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.
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