Old QVC Group, Inc. (NASDAQ:QVCG) Sees Significant Decline in Short Interest

Old QVC Group, Inc. (NASDAQ:QVCG) was the recipient of a significant decrease in short interest in August. As of August 31st, there was short interest totaling 265,633 shares, a decrease 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 presently 2.3 days.

Insider Activity

In other Old QVC Group news, major shareholder Silver Point Capital L.P. sold 1,600,000 shares of the firm’s stock in a transaction dated 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 completion of 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Goldentree Asset Management Lp acquired 1,600,000 shares of the firm’s stock in a transaction on Tuesday, September 8th. The shares were bought at an average cost of $16.25 per share, for a total transaction of $26,000,000.00. Following the completion of the acquisition, the insider directly owned 10,991,951 shares of the company’s stock, valued at approximately $178,619,203.75. This represents a 17.04% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders purchased 2,408,172 shares of company stock valued at $39,197,788 in the last three months.

Old QVC Group Stock Up 0.4%

QVCG stock traded up $0.07 during trading on Thursday, hitting $15.98. The company had a trading volume of 197,070 shares, compared to its average volume of 250,818. Old QVC Group has a fifty-two week low of $14.60 and a fifty-two week high of $20.00.

About Old QVC Group

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.