Newegg Commerce, Inc. (NASDAQ:NEGG - Get Free Report) was the target of a significant decline in short interest during the month of March. As of March 31st, there was short interest totalling 102,000 shares, a decline of 92.5% from the March 15th total of 1,360,000 shares. Approximately 0.0% of the company's shares are short sold. Based on an average daily trading volume, of 46,500 shares, the short-interest ratio is currently 2.2 days.
Newegg Commerce Price Performance
NEGG stock traded up $0.22 during midday trading on Friday, hitting $3.98. The stock had a trading volume of 28,583 shares, compared to its average volume of 38,286. The company's 50-day moving average price is $6.40 and its 200 day moving average price is $9.40. 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 has a 12-month low of $3.52 and a 12-month high of $26.40.
Institutional Investors Weigh In On Newegg Commerce
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Squarepoint Ops LLC acquired a new stake in shares of Newegg Commerce during the 4th quarter worth $69,000. Jane Street Group LLC purchased a new stake in Newegg Commerce during the 4th quarter worth $44,000. Finally, Renaissance Technologies LLC increased its holdings in Newegg Commerce by 69.1% in the 4th quarter. Renaissance Technologies LLC now owns 85,422 shares of the company's stock valued at $34,000 after purchasing an additional 34,900 shares in the last quarter. Hedge funds and other institutional investors own 0.45% of the company's stock.
Newegg Commerce Company Profile
(
Get Free Report)
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.
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