Q.E.P. Co. (OTCMKTS:QEPC) Sees Large Decline in Short Interest

Q.E.P. Co. (OTCMKTS:QEPC) was the recipient of a significant decline in short interest in October. As of October 30th, there was short interest totaling 9 shares, a decline of 99.1% from the October 15th total of 961 shares. Based on an average daily trading volume, of 3,788 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are short sold.

Q.E.P. Trading Up 1.0%

OTCMKTS:QEPC traded up $0.55 during trading hours on Tuesday, hitting $55.00. The company’s stock had a trading volume of 1,597 shares, compared to its average volume of 2,502. The business’s 50-day moving average is $54.31 and its two-hundred day moving average is $48.68. Q.E.P. has a 52-week low of $35.05 and a 52-week high of $60.98.

Q.E.P. (OTCMKTS:QEPC) last released its earnings results on Thursday, October 15th. The company reported $1.97 EPS for the quarter. The company had revenue of $61.05 million during the quarter. Q.E.P. had a return on equity of 18.67% and a net margin of 7.35%.

About Q.E.P.

Q.E.P. Co., Inc. is a manufacturer and distributor of tools, materials and accessories used to install and maintain flooring. Its product offerings are designed for professional flooring contractors, retailers and do-it-yourself consumers and include tile, carpet, hardwood, laminate and vinyl flooring installation products. The company’s portfolio includes flooring installation tools, adhesives, underlayments, trowels, spacers, cutters, kneepads, transition moldings and related accessories. Q.E.P. markets products under brands that include QEP and Roberts, among others, and distributes them through home-improvement centers, flooring distributors, specialty retailers and other sales channels.