Hour Loop, Inc. (NASDAQ:HOUR) Sees Significant Increase in Short Interest

Hour Loop, Inc. (NASDAQ:HOUR) saw a significant increase in short interest in the month of December. As of December 31st, there was short interest totalling 130,900 shares, an increase of 367.5% from the December 15th total of 28,000 shares. Based on an average daily trading volume, of 1,650,000 shares, the days-to-cover ratio is currently 0.1 days. Currently, 7.6% of the company’s shares are short sold.

Hour Loop Stock Performance

NASDAQ:HOUR traded down $0.05 during midday trading on Wednesday, reaching $2.22. 161,146 shares of the stock traded hands, compared to its average volume of 150,894. The stock has a market capitalization of $78.02 million, a P/E ratio of 44.41 and a beta of 1.08. The company has a fifty day moving average of $1.87 and a 200 day moving average of $1.46. Hour Loop has a 12 month low of $0.83 and a 12 month high of $6.90.

About Hour Loop

Hour Loop, Inc, an online retailer, engages in e-commerce retailing in the United States. The company sells products in various categories, including home/garden décor, toys, kitchenware, apparels, and electronics products. It sells its products through hourloop.com, as well as third-party marketplaces.