Short Interest in Hour Loop, Inc. (NASDAQ:HOUR) Declines By 17.0%

Hour Loop, Inc. (NASDAQ:HOUR) was the target of a significant decline in short interest in January. As of January 30th, there was short interest totaling 21,490 shares, a decline of 17.0% from the January 15th total of 25,878 shares. Approximately 1.2% of the company’s shares are sold short. Based on an average trading volume of 23,149 shares, the short-interest ratio is presently 0.9 days. Based on an average trading volume of 23,149 shares, the short-interest ratio is presently 0.9 days. Approximately 1.2% of the company’s shares are sold short.

Hour Loop Stock Performance

Shares of NASDAQ HOUR traded up $0.01 during mid-day trading on Monday, hitting $1.89. 9,955 shares of the stock traded hands, compared to its average volume of 18,680. Hour Loop has a 52 week low of $1.10 and a 52 week high of $6.84. The company has a market cap of $66.49 million, a price-to-earnings ratio of 63.02 and a beta of 1.45. The stock has a fifty day moving average price of $1.88 and a 200-day moving average price of $2.12.

Institutional Trading of Hour Loop

An institutional investor recently bought a new position in Hour Loop stock. Two Sigma Investments LP bought a new position in Hour Loop, Inc. (NASDAQ:HOUR) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor bought 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 currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Hour Loop in a research report on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, Hour Loop currently has a consensus rating of “Sell”.

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