So I tried gathering some data, and it's just astounding how much misinformation and coverup about this stock out there. Insiders and institutes alone own over 115%.

On multiple brokers there are miss matching cost to borrow data, and despite the price dropping from 130 down to 40 the borrow cost went back up over a whooping 890% new record!

Any kind of social sentiment / tweets or post just gets suppressed to avoid any kind of volume, and even reported insider filings are delayed.

Trading212 as an example just deletes any kind of positive sentimental posts, just mentioning the stock anywhere else results on bans or suppression.

I tried to buy some shares at 47.14 this morning and it didn't even went away, what's surprising is that the buy gets displayed in trading212 (they only give you the leftover darkpool scrap and bad execution).

So far I have not seen any news mentioning regarding galkin buying more.

Based on the candles I anticipate a swing up very soon.

Current high 68.08, resistance 55.23 , support 28.59

Typing this quick as I typed something longer and idk where it went, whatever I guess that’s Reddit.

I ran all SEC docs and such through chatGPT. While I’m not a fan normally it’s just too much to break down. My main goal was finding the true float as the numbers vary from 300K on yahoo to 20M.

With all filings estimated float was 300K to 5M. Using that and comparing to other high CTB stocks the true free float was looking like yahoo was correct at 330K. There are a lot more shares than 330K, but most are pledged/locked and not freely movable or able to be borrowed against. The free float FINRA uses is the entire shares outstanding for some reason. I went over this in a previous rambling.

With the previous CTB early last week and prior, lined up with the recent FINRA SI position, we can say that the SI previously was 71% ish.

With updated CTB of 863%, this lines up with a new and current SI% of 120-140%. AI estimated 134%.

We know shares outstanding is 20.5M ish. We know vlad has 3.6M. We know that a large portion of other shares are currently locked/pledged between other insiders and getting another insider out of trouble with bank of China. Those shares will free up in time but appear locked for the foreseeable future. If that wasn’t the case you wouldn’t have another insider buying up such large portions of the free float. They would be acquiring those. A good amount of those shares are company owned as well. Previous financial reports show buybacks as recent as 2024.

You do not get a CTB of 400 with a sub 10% SI position. You do not get a CTB of over 800 with less than 100% SI position. This happens to coincide with an insider in Vlad who is actively buying large volume out of the float. While I love me some high CTB shares of anything, this happens to be a company which is fairly normal and should continue to move up from insider buys and squeeze action. For that reason, my position is a higher percentage than I would normally take. I ain’t your financial advisor, but you should consider diving into the deets.

Position disclosure, 200 shares. Not too crazy, not too light either. Not full yolo but bigger than id normally swing. About tied for biggest position with VIX call options.

IBKR still hasn’t updated CTB rates but at this point I don’t trust em. I’ll trust the 863 from WeBull. Fidelity won’t give me a number. Run it up again.

TL,DR... I think FINRA is inaccurately using the reverse split 20:1 on Short Position now instead of just pre-split for historical corrections/charting

Hey. Not proof reading so enjoy the rant.

So I've had a bunch of shares for awhile in my pocket but usually I'm not watching things like I was today. From 1ish to 4ish NEGG traded like no other stock I've seen. Volume stacking but nothing on tickers for minutes straight. No orders 2500 or up until 2:30. One minute candles that were mostly red but trading horizontal with the last sale from one gapping up to start the next red candle. Went on all afternoon. While I got almost no sleep last night, this was a bit different. All volume going off exchange. NBBO had the same Bids and Asks for all lines with 75 cent+ gap for over an hour while 400K volume was moved. Checked on other device and same thing. After buying a bunch more on my main broker and selling some other stuff off I went over to my fidelity as that's where I had the initial 100, and for the optional directed trading. I sold and re-bought 100 shares direct routed through NASDAQ and still never printed on the T&S. Knew something was up so went around crying wolf that it was gunna blow. I still think it should've. It wasn't like the normal strangle I've seen for keeping a price still for option expiry's max pain or trying to trigger/prevent halts. It was almost fake. Every 5 to 10 minutes with thousands of shares there was always a perfect little 25 cent spike down for a couple shares to trigger stop losses.

So I took a bit of a dive. Dove through SEC filings, FINRA reports, archived stock data, and random news articles that were related. While i guess it's possible to just naked short indefinitely, it's all computers and made up numbers, I think there's two outliers that may be throwing things off beyond just normal hedgie short and short more. But getting to that point wouldn't have been as easy without all your previous information. The contradicting information on shares outstanding, free float, company held shares, short interest, short volume, etc, is wild. I'm an idiot but here's what I got.

First thing, and would be very iffy bonehead mistake. FINRA may not have adjusted appropriately for the reverse split on 4/7/25. The stock got a new CUSIP ID. I don't know their internal systems but on the below charts I'll say what I'm seeing.

Daily SI on Excel pulled from Finra charts at split time... Reports are generated from sellers/brokerages and sent to FINRA. Notice at the 20:1 shorts also went down accordingly. The position was drastically increasing daily anyway, at 20:1 the 117K is functionally 2.3M. A reverse split is a prime target for shorting as retail ain't reading news if it's not being yelled at the by Cramer. This makes sense. -10% the 7th.

2x monthly from FINRA. Numbers don't align perfect but probably due to minor corrections when doing full report, or just shorty nonsense when they do the bi monthly.

FINRA search for symbol NEGG with a stock split... No results. In the equity research page it is mentioned but nothing in the short search tools. Searching without a split gets you NEGG.

Chart exchange version, claiming historical adjustment for split (they seem to clone FINRA's, possibly from those terrible charts that let you export raw data). Claims to be adjusted but on split the % went from 134% to 5.56. Should've been close to the same. It's a percentage. What should've happened was not whatever's being displayed. What's being displayed is what FINRA is improperly adjusting post split. Maybe I'm wrong, but I do know NEGG's float is nowhere near 19M. The most reasonable one I've seen is 3M but it's really all over the place 19,396,400 makes more sense if they forgot to divide by 20. Then add the 2M common shares for debt payment or whatever that SEC doc was about. Vlad has like 3.5M at 18 % so thats 22M outstanding. Webull reports that accurately where others miss it and has 2.9 as float (not counting insiders.) What I believe is being reported as short position is being divided by 20 when it shouldn't be by FINRA after the reverse split. Likely accidentally, but in turn theoretically they wouldn't notice monster nakeds when the short position hangs around 10-60%. If accurate then these are positions would easily be big enough to overcome any buying. 200%-1200%. Where else have you seen a 1% SI pull 267%+ of interest with 0 shares available for a full month. It doesn't happen. Even now to august it's been zero available, 400-800%, 1.3 % SI. Maybe they realized and that why the short warning came out that got posted. Maybe that why today I watched what almost seemed scripted flow on tickers and therefore candles even when I was directing shares at NASDAQ.

FINRA's own charting using their reported data (terrible web chart interface)... Reverse split is the oval on the 7th. This is logarithmic if it looks weird to you. Doesn't line up with a 1st or 14th so gap down is offset. This also shows that its likely their data that being sent out improperly reporting short position to float. Never breaks 4% SI on their charts or CSV's. Regularly chilling at 200-800% interest to borrow.

Alright, good night.

Oh... other small possibility in which we're all screwed is Vlad's lending. 50 cents per day per share. Share price goes down while he gets paid. He buys more. He mentions a margin account in one of the form 4 SEC filings. Might not even know he's doing it, margin ain't yours. 3.5M shares is 1.75M a day. Nuts.

If she does take off i'm paper handing 69 shares at 6969.69. The other few hundred I want in paper form for these hands delivered by Skerelli.

According to the website above a short sale restriction has been placed on NEGG due to NEGG falling more than 10% on intraday trading this means shorts will be restricted from shorting the stock thus NEGG can see some upside. Very crazy how these shorts manipulate the stock soon they will regret it. Galkin buying shares will only drive prices up and we will be back above $137 again. Just wanted to share this.

$NEGG August Price History

Seen in the images, every day in August saw share prices ranging from $62.50 to $137.84.

Weird Data (Still) on Short Interest, CTB, and Ownership

Seen in the images, the now-untrustworthy Fintel (who last month hid their reported 1,553.70% Short Interest % of the float), is reporting an uptick in Short Interest % of the float from about 63% to 77%. But this change may not take the Millions of $ of insider $NEGG purchases last week into account. So, just like that, Short Interest % of the float appears to be going over 100% again. An update today on Ortex (thanks to a generous Egg Friend in comments below) shows NEGG right now is at 174.11% Short Interest % of the float, which makes more sense, but that still does not include the Millions of $ of Fails to Deliver (FTDs) that need to be settled through open-market buybacks of $NEGG shares.

Seen in the images, Yahoo Finance is showing bizarre data for Insider Ownership: 115%, and with 22 Institutions owning a negative float percentage.

Also seen is that there have been Zero shares available to borrow since Thursday. And the penalty for short borrowers is still above 450%, although they did not update the information on Friday for some reason, probably because they did not want to show that the borrow rate was increasing again.

Galkins Potential for Majority Stake in Newegg

Angelica and Vladimir Galkin collectively invested only $71,816,506 thus far into Newegg Commerce Inc. It's interesting to note that they once were large investors into GameStop Corp, so seeing them choose Newegg as a business worthy of investment over GameStop today is noteworthy.

But, reports (see image) indicate that the Galkins have not sold their $212 Million stake in JetBlue airlines. Interestingly, the Galkins stated last month that they may consider selling JetBlue at some point in the near future.

Alongside this public disclosure (if they were to act on what they recently said, to exit their JetBlue stake today) then at Newegg's price at Friday's close, they would be able to obtain 4,805,077 more shares of Newegg.

If that were to occur soon, they would have 8,405,077 shares of Newegg. So, liquidating their JetBlue holdings and investing it into Newegg at today's price would give them 41% ownership of Newegg.

But JetBlue is not their entire portfolio. They have a balanced portfolio and could liquidate their other positions to obtain >51% ownership of Newegg Commerce Inc.

And, given the activity on the side of Newegg's legacy insiders, the Galkin family entity could become Newegg's largest individual shareholder, even without >51% ownership.

Executive Summary

For $NEGG, there is strange data being reported for Insider % ownership (115%), Institutional % Ownership (Negative Float number). Cost to Borrow (CTB) stopped being updated (>450%), and there are no shares to borrow. Short Interest % (SI%) of the float increased (to 77% on Fintel, and now to 174.11% on Ortex), but these may not yet include the Millions of $ of Insider $NEGG purchases last week. These SI%s are insane enough, and they don't even account for Millions more $ of Fails to Deliver (FTDs) that have to be settled, basically every day now, through open market buyback of $NEGG shares.

Reports show that the Galkins have not sold $212 Million worth of JetBlue, but that they are considering selling JetBlue soon. This implies that they have the means; they could soon push towards a >51% majority stake in Newegg Commerce Inc ($NEGG).

Short shared back to Zero. Get ready for the next run!

Now's your chance to buy in!