Short Interest in Newegg Commerce, Inc. (NASDAQ:NEGG) Declines By 32.5%

Newegg Commerce, Inc. (NASDAQ:NEGG) saw a large drop in short interest in November. As of November 15th, there was short interest totalling 742,100 shares, a drop of 32.5% from the October 31st total of 1,100,000 shares. Currently, 2.7% of the company’s stock are sold short. Based on an average trading volume of 514,500 shares, the short-interest ratio is presently 1.4 days.

Newegg Commerce Stock Performance

NEGG stock traded down $0.00 during mid-day trading on Friday, reaching $0.59. The company had a trading volume of 303,583 shares, compared to its average volume of 611,548. Newegg Commerce has a 52 week low of $0.56 and a 52 week high of $2.15. The stock has a 50 day simple moving average of $0.66 and a two-hundred day simple moving average of $0.81. The company has a quick ratio of 0.54, a current ratio of 1.21 and a debt-to-equity 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.