Newegg Commerce, Inc. (NASDAQ:NEGG) Sees Large Increase in Short Interest

Newegg Commerce, Inc. (NASDAQ:NEGG) was the target of a significant increase in short interest in the month of September. As of September 15th, there was short interest totalling 1,340,000 shares, an increase of 18.6% from the August 31st total of 1,130,000 shares. Approximately 4.9% of the company’s shares are short sold. Based on an average trading volume of 890,000 shares, the days-to-cover ratio is currently 1.5 days.

Newegg Commerce Stock Performance

Shares of NEGG traded down $0.02 during midday trading on Monday, hitting $0.74. The stock had a trading volume of 446,390 shares, compared to its average volume of 624,691. Newegg Commerce has a 1 year low of $0.52 and a 1 year high of $2.15. The company has a current ratio of 1.21, a quick ratio of 0.54 and a debt-to-equity ratio of 0.54. The stock’s 50 day moving average is $0.81 and its 200 day moving average is $0.89.

About Newegg Commerce

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.