Short Interest in Newegg Commerce, Inc. (NASDAQ:NEGG) Declines By 20.5%

Newegg Commerce, Inc. (NASDAQ:NEGG) was the recipient of a significant drop in short interest during the month of December. As of December 15th, there was short interest totalling 708,200 shares, a drop of 20.5% from the November 30th total of 890,900 shares. Approximately 1.6% of the shares of the company are short sold. Based on an average trading volume of 573,200 shares, the days-to-cover ratio is presently 1.2 days.

Newegg Commerce Stock Performance

NASDAQ:NEGG traded down $0.02 on Friday, hitting $0.44. The company’s stock had a trading volume of 674,718 shares, compared to its average volume of 617,526. Newegg Commerce has a one year low of $0.43 and a one year high of $1.45. The stock has a fifty day moving average of $0.58 and a two-hundred day moving average of $0.75. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.21 and a quick ratio of 0.54.

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.