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

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

Newegg Commerce Stock Down 5.0 %

Newegg Commerce stock traded down $0.02 during midday trading on Monday, hitting $0.42. 1,233,923 shares of the stock were exchanged, compared to its average volume of 620,038. Newegg Commerce has a 52-week low of $0.40 and a 52-week high of $1.32. The company has a quick ratio of 0.54, a current ratio of 1.21 and a debt-to-equity ratio of 0.54. The business’s 50-day moving average price is $0.58 and its 200-day moving average price is $0.74.

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.