Hour Loop, Inc. (NASDAQ:HOUR) Sees Large Growth in Short Interest

Hour Loop, Inc. (NASDAQ:HOUR) saw a significant increase in short interest in September. As of September 30th, there was short interest totalling 25,700 shares, an increase of 19.0% from the September 15th total of 21,600 shares. Based on an average trading volume of 27,600 shares, the days-to-cover ratio is currently 0.9 days. Currently, 1.5% of the company’s shares are short sold.

Hour Loop Stock Performance

HOUR stock traded up $0.06 on Wednesday, reaching $1.49. The company’s stock had a trading volume of 739 shares, compared to its average volume of 28,048. The firm has a market cap of $52.31 million, a PE ratio of 35.78 and a beta of 1.30. The business has a fifty day simple moving average of $1.34 and a two-hundred day simple moving average of $1.14. Hour Loop has a 12-month low of $0.83 and a 12-month high of $2.20.

Hour Loop (NASDAQ:HOUR) last issued its quarterly earnings data on Friday, August 9th. The company reported $0.02 EPS for the quarter. The business had revenue of $28.07 million during the quarter. Hour Loop had a net margin of 0.91% and a return on equity of 24.57%.

Hour Loop Company Profile

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.