Most would not attribute July as a time to be surrounded by techy goodness. Why would you when the air is so nice, the birds are chirping and the smell of cookouts permeates the air? But, in 2021 the pandemic created favor in Zoom meetings as opposed to face-to-face gatherings. One retail stock still demanded a fireworks display for all, though.
Newegg Commerce Inc. (NASDAQ:NEGG) had acquired a reverse merger deal in 2020. As word spread, retail traders began to look at the fundamental data behind NEGG. When the short interest was revealed, a legion of “Apes” (Retail trader’s self-identification slang) started accumulating shares in an effort to do one of the tasks they enjoy most – punishing short sellers.
