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

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

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On Newegg Commerce

Institutional investors have recently made changes to their positions in the business. NewEdge Advisors LLC bought a new stake in shares of Newegg Commerce during the third quarter valued at approximately $30,000. FNY Investment Advisers LLC purchased a new position in Newegg Commerce during the second quarter valued at $64,000. Qube Research & Technologies Ltd purchased a new position in Newegg Commerce during the third quarter valued at $207,000. Quantum Private Wealth LLC bought a new stake in Newegg Commerce in the 3rd quarter valued at $210,000. Finally, Ritholtz Wealth Management purchased a new stake in Newegg Commerce in the 3rd quarter worth $243,000. Institutional investors own 0.45% of the company’s stock.

Newegg Commerce Stock Performance

Shares of NEGG opened at $52.98 on Monday. The company has a quick ratio of 0.52, a current ratio of 1.25 and a debt-to-equity ratio of 0.41. Newegg Commerce has a one year low of $3.32 and a one year high of $137.84. The business has a fifty day moving average of $68.72 and a 200 day moving average of $52.85.

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.