Hour Loop, Inc. (NASDAQ:HOUR) Stock Short Interest Rises 247.1%

Hour Loop, Inc. (NASDAQ:HOUR – Get Free Report) was the recipient of a large growth in short interest in September. As of September 30th, there was short interest totaling 42,544 shares, a growth of 247.1% from the September 15th total of 12,256 shares. Approximately 2.4% of the company’s stock are short sold. Based on an average daily volume of 29,364 shares, the days-to-cover ratio is currently 1.4 days.

Hour Loop Stock Performance

HOUR stock traded down $0.05 during trading on Friday, reaching $1.79. The company had a trading volume of 6,670 shares, compared to its average volume of 22,848. The firm has a 50-day simple moving average of $1.85 and a 200-day simple moving average of $1.93. The company has a market cap of $63.01 million, a price-to-earnings ratio of 44.76 and a beta of 1.38. Hour Loop has a twelve month low of $1.67 and a twelve month high of $3.18.

Hour Loop (NASDAQ:HOUR – Get Free Report) last released its earnings results on Tuesday, August 11th. The company reported $0.03 earnings per share for the quarter, hitting the consensus estimate of $0.03. The company had revenue of $33.94 million for the quarter, compared to the consensus estimate of $29.66 million. Hour Loop had a net margin of 1.14% and a return on equity of 22.31%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised Hour Loop from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday. One research analyst has rated the stock with a Hold rating. According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Read Our Latest Stock Report on Hour Loop

About Hour Loop

(Get Free Report)

Hour Loop, Inc is an e-commerce company that sells consumer products through online marketplaces. The company offers products across categories that include home and kitchen, toys and games, arts and crafts, beauty and personal care, apparel, and related merchandise.

Hour Loop markets and distributes its products through platforms such as Amazon, Walmart, and Etsy. Its business model focuses on identifying consumer products, developing or sourcing merchandise, and managing online listings, fulfillment, and sales across multiple digital retail channels.

The company was founded in 2015 and is headquartered in Redmond, Washington.

Further Reading

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