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

Hour Loop, Inc. (NASDAQ:HOUR) saw a significant drop in short interest in the month of April. As of April 30th, there was short interest totaling 13,730 shares, a drop of 46.5% from the April 15th total of 25,678 shares. Based on an average trading volume of 14,143 shares, the days-to-cover ratio is currently 1.0 days. Currently, 0.8% of the company’s shares are sold short.

Hour Loop Trading Down 2.4%

Hour Loop stock traded down $0.05 on Friday, hitting $2.06. 28,722 shares of the stock traded hands, compared to its average volume of 182,679. The firm has a market cap of $72.49 million, a P/E ratio of 41.21 and a beta of 1.41. The business’s fifty day simple moving average is $2.02 and its 200 day simple moving average is $1.95. Hour Loop has a 1 year low of $1.18 and a 1 year high of $6.84.

Hour Loop (NASDAQ:HOUR) last announced its quarterly earnings data on Tuesday, May 12th. The company reported $0.02 EPS for the quarter. The business had revenue of $29.93 million during the quarter. Hour Loop had a return on equity of 25.29% and a net margin of 1.28%.

Hedge Funds Weigh In On Hour Loop

A hedge fund recently bought a new stake in Hour Loop stock. Two Sigma Investments LP acquired a new stake in shares of Hour Loop, Inc. (NASDAQ:HOUR) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (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 quarter. Hedge funds and other institutional investors own 0.31% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings raised Hour Loop from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, April 21st. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has an average rating of “Hold”.

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.