Newegg Commerce, Inc. (NASDAQ:NEGG - Get Free Report) was the recipient of a significant increase in short interest in May. As of May 15th, there was short interest totalling 151,600 shares, an increase of 99.0% from the April 30th total of 76,200 shares. Based on an average trading volume of 108,200 shares, the days-to-cover ratio is presently 1.4 days. Currently, 5.7% of the company's stock are short sold.
Newegg Commerce Stock Down 18.5%
NASDAQ NEGG traded down $1.11 on Friday, hitting $4.89. 332,231 shares of the stock were exchanged, compared to its average volume of 59,380. Newegg Commerce has a fifty-two week low of $3.32 and a fifty-two week high of $26.40. The company has a 50-day moving average price of $4.72 and a 200-day moving average price of $7.71. The company has a current ratio of 1.21, a quick ratio of 0.54 and a debt-to-equity ratio of 0.54.
Institutional Investors Weigh In On Newegg Commerce
Institutional investors have recently modified their holdings of the company. Renaissance Technologies LLC increased its holdings in shares of 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 acquiring an additional 34,900 shares during the last quarter. Jane Street Group LLC purchased a new stake in Newegg Commerce in the 4th quarter valued at $44,000. Squarepoint Ops LLC purchased a new stake in Newegg Commerce in the 4th quarter valued at $69,000. Finally, XTX Topco Ltd acquired a new stake in Newegg Commerce during the 1st quarter worth $55,000. 0.45% of the stock is owned by hedge funds and other institutional investors.
About Newegg Commerce
(
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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