From MarketBeat:

Short, engaging summary:
Newegg Commerce, Inc. experienced a 24.0% decline in short interest in December. 1,390,000 shares were shorted, accounting for 7.0% of the company’s stock. As a result, NEGG stock traded down 8.0% on Friday to $1.26 per share.

The business also reported institutional inflows and outflows, with hedge funds like Goldman Sachs Group, State Street Corp, and BlackRock Inc. modifying their holdings.

Newegg Commerce, Inc. is an electronics-focused e-retailer in North America, offering a variety of electronic products for consumers. It has a 52-week low of $0.52 and reached a high of $3.09.

This news alert was generated by narrative science technology and financial data from MarketBeat. Information has been reviewed by MarketBeat’s editorial team.



Read more: Newegg Commerce, Inc. (NASDAQ:NEGG) Sees Large Decline in Short Interest