Hour Loop, Inc. (NASDAQ:HOUR) Short Interest Update

Hour Loop, Inc. (NASDAQ:HOUR) was the target of a significant decrease in short interest in the month of January. As of January 15th, there was short interest totaling 25,878 shares, a decrease of 23.2% from the December 31st total of 33,693 shares. Approximately 1.5% of the company’s shares are sold short. Based on an average daily trading volume, of 22,047 shares, the short-interest ratio is presently 1.2 days. Based on an average daily trading volume, of 22,047 shares, the short-interest ratio is presently 1.2 days. Approximately 1.5% of the company’s shares are sold short.

Institutional Investors Weigh In On Hour Loop

A hedge fund recently bought a new stake in Hour Loop stock. Two Sigma Investments LP acquired a new position in Hour Loop, Inc. (NASDAQ:HOUR) during the third quarter, according to its most recent 13F filing with the SEC. The firm acquired 54,226 shares of the company’s stock, valued at approximately $159,000. Two Sigma Investments LP owned 0.15% of Hour Loop at the end of the most recent reporting period. 0.31% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d+)” rating on shares of Hour Loop in a research note on Thursday, January 22nd. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has an average rating of “Sell”.

Hour Loop Stock Up 1.1%

Shares of HOUR traded up $0.02 during mid-day trading on Tuesday, hitting $1.80. The company had a trading volume of 5,907 shares, compared to its average volume of 20,354. Hour Loop has a 1-year low of $1.10 and a 1-year high of $6.84. The business’s 50-day simple moving average is $1.91 and its 200-day simple moving average is $2.12. The stock has a market cap of $63.32 million, a PE ratio of 60.02 and a beta of 1.45.

Hour Loop (NASDAQ:HOUR) last posted its quarterly earnings results on Wednesday, November 12th. The company reported $0.01 earnings per share for the quarter. Hour Loop had a net margin of 0.59% and a return on equity of 12.96%. The company had revenue of $33.42 million for the quarter.

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. Hour Loop, Inc was founded in 2013 and is headquartered in Redmond, Washington.