Old QVC Group, Inc. (NASDAQ:QVCG) Stock Short Interest Jumps 243.5%

Old QVC Group, Inc. (NASDAQ:QVCG) was the recipient of a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 410,960 shares, a growth of 243.5% from the September 15th total of 119,642 shares. Based on an average daily volume of 532,088 shares, the short-interest ratio is presently 0.8 days.

Old QVC Group Stock Performance

Shares of QVCG traded up $0.07 during midday trading on Friday, reaching $12.87. 1,550,265 shares of the company were exchanged, compared to its average volume of 392,970. Old QVC Group has a 1-year low of $12.35 and a 1-year high of $20.00.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised Old QVC Group to a “hold” rating in a research report on Saturday, September 19th.

Insider Activity at Old QVC Group

In other Old QVC Group news, major shareholder Silver Point Capital L.P. sold 1,600,000 shares of the stock in a transaction that occurred 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 of the company’s stock, valued at $102,391,867.50. This trade represents a 20.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Goldentree Asset Management Lp purchased 1,600,000 shares of the firm’s stock in a transaction on Tuesday, September 8th. The stock was bought at an average price of $16.25 per share, for a total transaction of $26,000,000.00. Following the acquisition, the insider owned 10,991,951 shares in the company, valued at $178,619,203.75. The trade was a 17.04% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased 2,743,951 shares of company stock valued at $43,886,969 in the last ninety days.

About Old QVC Group

Old QVC Group is a multimedia retail company focused on selling consumer products through television shopping networks, e-commerce platforms and other digital channels. Its principal brands include QVC and HSN, which offer merchandise such as apparel, beauty products, home goods, electronics, jewelry and lifestyle products.

The company uses televised programming, websites, mobile applications, streaming video and social media to present products, provide demonstrations and engage customers.