Newegg Commerce, Inc. (NASDAQ:NEGG) Short Interest Down 32.5% in November

Newegg Commerce, Inc. (NASDAQ:NEGG) was the target of a large drop in short interest during the month of November. As of November 15th, there was short interest totalling 742,100 shares, a drop of 32.5% from the October 31st total of 1,100,000 shares. Based on an average daily volume of 514,500 shares, the days-to-cover ratio is currently 1.4 days. Approximately 2.7% of the shares of the company are sold short.

Newegg Commerce Trading Down 0.5 %

Shares of NASDAQ:NEGG traded down $0.00 on Friday, hitting $0.59. The company had a trading volume of 303,583 shares, compared to its average volume of 611,548. The stock has a 50 day moving average price of $0.66 and a 200 day moving average price of $0.81. Newegg Commerce has a 1-year low of $0.56 and a 1-year high of $2.15. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.21 and a quick ratio of 0.54.

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.