Newegg Commerce, Inc. (NASDAQ:NEGG) Short Interest Update

Newegg Commerce, Inc. (NASDAQ:NEGG) was the target of a large decrease in short interest in 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 sold short. Based on an average daily trading volume, of 900,000 shares, the short-interest ratio is currently 0.8 days.

Newegg Commerce Price Performance

Newegg Commerce stock opened at $0.37 on Tuesday. The stock’s 50 day moving average price is $0.44 and its 200 day moving average price is $0.59. Newegg Commerce has a 1-year low of $0.36 and a 1-year high of $1.32. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.54 and a current ratio of 1.21.

Institutional Investors Weigh In On Newegg Commerce

Institutional investors have recently made changes to their positions in the stock. Squarepoint Ops LLC purchased a new position in shares of Newegg Commerce in the 4th quarter valued at about $69,000. Jane Street Group LLC acquired a new position in Newegg Commerce during the fourth quarter worth about $44,000. Finally, Renaissance Technologies LLC increased its holdings in 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 buying an additional 34,900 shares in the last quarter. 0.45% of the stock is currently owned by hedge funds and other institutional investors.

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.