Newegg Commerce, Inc. (NASDAQ:NEGG) Sees Significant Decrease in Short Interest

Newegg Commerce, Inc. (NASDAQ:NEGG - Get Free Report) was the recipient of a large decrease in short interest during the month of February. As of February 15th, there was short interest totalling 692,700 shares, a decrease of 18.8% from the January 31st total of 853,000 shares. Approximately 1.5% of the shares of the company are short sold. Based on an average daily trading volume, of 900,000 shares, the short-interest ratio is presently 0.8 days.

Newegg Commerce Stock Up 1.5 %

NEGG traded up $0.01 during trading hours on Friday, hitting $0.40. The stock had a trading volume of 340,481 shares, compared to its average volume of 911,283. Newegg Commerce has a 1 year low of $0.35 and a 1 year high of $1.32. The company's fifty day simple moving average is $0.44 and its 200 day simple moving average is $0.59. The company has a current ratio of 1.21, a quick ratio of 0.54 and a debt-to-equity ratio of 0.54.

Institutional Trading of Newegg Commerce

Several hedge funds and other institutional investors have recently modified their holdings of the business. Squarepoint Ops LLC purchased a new position in Newegg Commerce in the 4th quarter valued at approximately $69,000. Jane Street Group LLC bought a new position in shares of Newegg Commerce in the fourth quarter worth $44,000. Finally, Renaissance Technologies LLC grew its position in shares of Newegg Commerce by 69.1% in the fourth quarter. Renaissance Technologies LLC now owns 85,422 shares of the company's stock valued at $34,000 after purchasing an additional 34,900 shares in the last quarter. Institutional investors own 0.45% of the company's stock.

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Newegg Commerce Company Profile

Newegg Commerce, Inc operates as an electronics-focused e-retailer in North America. The company offers desktops, laptops, gaming laptops, peripherals, and accessories; CPU/processors, graphic cards, motherboards, storage devices, and computer accessories; home video and audio, headphones, pro audio/video, cellphones, wearables, and digital cameras; display and printing, office technology furniture, office supplies, and mailing and inventory supplies; and software, digital downloads, warranty and services, 3rd party gift cards, and entertainment products.