Short Interest in Qurate Retail, Inc. (NASDAQ:QRTEP) Drops By 13.8%

Qurate Retail, Inc. (NASDAQ:QRTEP) was the recipient of a significant decrease in short interest in the month of June. As of June 15th, there was short interest totalling 269,300 shares, a decrease of 13.8% from the May 31st total of 312,300 shares. Based on an average trading volume of 42,700 shares, the short-interest ratio is presently 6.3 days.

Qurate Retail Price Performance

QRTEP opened at $42.05 on Friday. The firm has a 50-day simple moving average of $47.12 and a two-hundred day simple moving average of $44.63. Qurate Retail has a 52 week low of $18.33 and a 52 week high of $53.15.

Qurate Retail Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Friday, May 31st were given a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a dividend yield of 19.02%. The ex-dividend date of this dividend was Friday, May 31st.

Institutional Investors Weigh In On Qurate Retail

An institutional investor recently bought a new position in Qurate Retail stock. Shikiar Asset Management Inc. acquired a new position in Qurate Retail, Inc. (NASDAQ:QRTEP) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 6,000 shares of the company’s stock, valued at approximately $298,000.

Qurate Retail Company Profile

Qurate Retail, Inc, together with its subsidiaries, engages in the video and online commerce industries in North America, Europe, and Asia. The company markets and sells various consumer products primarily through merchandise-focused televised shopping programs, Internet, and mobile applications. It also operates as an online retailer offering women's, children's, and men's apparel; and other products, such as home, accessories, and beauty products through its app, mobile, and desktop applications.