Short Interest in Newegg Commerce, Inc. (NASDAQ:NEGG) Grows By 130.0%

Newegg Commerce, Inc. (NASDAQ:NEGG) was the target of a large growth in short interest in December. As of December 15th, there was short interest totaling 273,134 shares, a growth of 130.0% from the November 30th total of 118,756 shares. Based on an average daily trading volume, of 148,247 shares, the short-interest ratio is presently 1.8 days. Approximately 0.9% of the shares of the stock are sold short. Approximately 0.9% of the shares of the stock are sold short. Based on an average daily trading volume, of 148,247 shares, the short-interest ratio is presently 1.8 days.

Newegg Commerce Price Performance

Newegg Commerce stock opened at $52.98 on Friday. Newegg Commerce has a 12 month low of $3.32 and a 12 month high of $137.84. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.52 and a current ratio of 1.25. The stock’s 50-day moving average is $68.72 and its 200-day moving average is $52.28.

Hedge Funds Weigh In On Newegg Commerce

Institutional investors and hedge funds have recently made changes to their positions in the business. NewEdge Advisors LLC acquired a new stake in Newegg Commerce in the third quarter valued at $30,000. FNY Investment Advisers LLC bought a new stake in shares of Newegg Commerce in the 2nd quarter worth about $64,000. Bank of America Corp DE raised its stake in shares of Newegg Commerce by 10,675.0% in the 2nd quarter. Bank of America Corp DE now owns 10,775 shares of the company’s stock valued at $175,000 after purchasing an additional 10,675 shares in the last quarter. Qube Research & Technologies Ltd bought a new position in shares of Newegg Commerce during the third quarter worth about $207,000. Finally, Quantum Private Wealth LLC acquired a new position in Newegg Commerce in the third quarter worth about $210,000. 0.45% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Newegg Commerce in a research report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has a consensus rating of “Sell”.

About Newegg Commerce

Newegg Commerce, Inc (NASDAQ: NEGG) is a leading online retailer and marketplace specializing in technology products, consumer electronics and computer hardware. Founded in 2001 and headquartered in City of Industry, California, the company operates the flagship Newegg.com platform, which offers an extensive selection of desktops, laptops, components, peripherals, software and related accessories. Newegg’s business model combines direct retail sales with a third-party marketplace, enabling both established brands and independent sellers to reach a technology-focused audience.

In addition to its core e-commerce offerings, Newegg provides a range of value-added services, including logistics support, warehousing and fulfillment solutions designed to streamline order processing for marketplace partners.