Hour Loop, Inc. (NASDAQ:HOUR – Get Free Report) was the recipient of a large drop in short interest during the month of October. As of October 15th, there was short interest totaling 27,380 shares, a drop of 35.6% from the September 30th total of 42,544 shares. Currently, 1.6% of the shares of the company are short sold. Based on an average daily volume of 17,628 shares, the days-to-cover ratio is presently 1.6 days.
Wall Street Analyst Weigh In
Separately, Weiss Ratings cut shares of Hour Loop from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, October 23rd. One analyst has rated the stock with a Hold rating. Based on data from MarketBeat, Hour Loop presently has an average rating of “Hold”.
Check Out Our Latest Analysis on HOUR
Hour Loop Trading Down 2.9%
NASDAQ:HOUR opened at $1.51 on Wednesday. The firm has a market cap of $53.33 million, a price-to-earnings ratio of 39.00 and a beta of 1.41. Hour Loop has a twelve month low of $1.49 and a twelve month high of $3.18. The company has a 50-day moving average of $1.76 and a 200-day moving average of $1.89.
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. Hour Loop had a net margin of 1.14% and a return on equity of 22.31%. The business had revenue of $33.94 million for the quarter, compared to the consensus estimate of $29.66 million.
About Hour Loop
Hour Loop, Inc is an e-commerce company that sells consumer products through online marketplaces and digital retail channels. The company’s merchandise includes items across categories such as home and kitchen, toys, apparel, beauty and personal care, pet supplies, and other everyday consumer goods.
Hour Loop primarily reaches customers through third-party platforms, including Amazon and other major online marketplaces. Its business model involves identifying consumer demand, developing or sourcing products, managing inventory and fulfillment, and marketing merchandise through online channels.
The company was established in the 2010s and is based in the United States.
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