Q.E.P. Co. (OTCMKTS:QEPC) Stock Short Interest Falls 99.1%

Q.E.P. Co. (OTCMKTS:QEPC) was the target of a large drop in short interest during the month of October. As of October 30th, there was short interest totaling 9 shares, a drop of 99.1% from the October 15th total of 961 shares. Based on an average trading volume of 3,788 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s shares are sold short.

Q.E.P. Price Performance

Q.E.P. stock traded up $1.00 during trading hours on Wednesday, reaching $56.00. The company had a trading volume of 300 shares, compared to its average volume of 3,395. Q.E.P. has a 12-month low of $35.05 and a 12-month high of $60.98. The company has a 50-day moving average price of $54.31 and a 200 day moving average price of $48.68. The firm has a market cap of $164.64 million, a price-to-earnings ratio of 12.79 and a beta of -0.27.

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

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.