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

Newegg Commerce, Inc. (NASDAQ:NEGG) was the recipient of a significant decrease in short interest in March. As of March 31st, there was short interest totalling 102,000 shares, a decrease of 92.5% from the March 15th total of 1,360,000 shares. Based on an average daily trading volume, of 46,500 shares, the short-interest ratio is presently 2.2 days. Currently, 0.0% of the shares of the company are sold short.

Newegg Commerce Price Performance

NASDAQ NEGG traded down $0.24 during trading hours on Wednesday, reaching $3.76. The company’s stock had a trading volume of 16,612 shares, compared to its average volume of 37,866. The company’s 50-day moving average is $6.70 and its two-hundred day moving average is $9.59. Newegg Commerce has a 1-year low of $3.52 and a 1-year high of $26.40. 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 Trading of Newegg Commerce

Institutional investors have recently modified their holdings of the stock. Renaissance Technologies LLC boosted its stake in shares of Newegg Commerce by 69.1% in the fourth quarter. Renaissance Technologies LLC now owns 85,422 shares of the company’s stock worth $34,000 after acquiring an additional 34,900 shares during the last quarter. Jane Street Group LLC acquired a new position in Newegg Commerce in the fourth quarter valued at approximately $44,000. Finally, Squarepoint Ops LLC acquired a new position in Newegg Commerce during the fourth quarter worth $69,000. Institutional investors and hedge funds own 0.45% of the company’s stock.

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.