Old QVC Group, Inc. (NASDAQ:QVCG) Shares Shorted: Short Interest Up 243.5% in September

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

Analyst Upgrades and Downgrades

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

Old QVC Group Trading Down 2.3%

Shares of QVCG stock traded down $0.28 during trading hours on Tuesday, hitting $11.82. 25,790 shares of the company’s stock traded hands, compared to its average volume of 339,979. Old QVC Group has a 12-month low of $11.74 and a 12-month high of $20.00.

Insider Buying and Selling

In other Old QVC Group news, major shareholder Silver Point Capital L.P. sold 1,600,000 shares of the stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $16.25, for a total value of $26,000,000.00. Following the completion of the transaction, the insider owned 6,301,038 shares in the company, valued at approximately $102,391,867.50. This represents a 20.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through 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 stock was purchased at an average price of $16.25 per share, with a total value of $26,000,000.00. Following the acquisition, 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 position. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders bought 2,743,951 shares of company stock valued at $43,886,969.

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.