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

Key Points

• Hour Loop, Inc. experienced a significant decrease in short interest, dropping by 49.0% to 33,000 shares as of July 31st.
• The company reported $0.04 EPS and $27.10 million in revenue for its latest quarterly earnings, along with a return on equity of 12.49%.
• HOUR stock is currently trading at $1.73, with a market capitalization of $60.84 million and a PE ratio of 57.69.

Hour Loop, Inc. (NASDAQ:HOUR - Get Free Report) was the recipient of a large decrease in short interest in the month of July. As of July 31st, there was short interest totaling 33,000 shares, adecreaseof49.0% from the July 15th total of 64,700 shares. Based on an average daily volume of 153,800 shares, the short-interest ratio is currently 0.2 days. Approximately1.9% of the shares of the company are sold short. Approximately1.9% of the shares of the company are sold short. Based on an average daily volume of 153,800 shares, the short-interest ratio is currently 0.2 days.

Hour Loop Trading Up 2.6%

Hour Loop stock traded up $0.04 during midday trading on Friday, hitting $1.59. The stock had a trading volume of 24,741 shares, compared to its average volume of 23,499. The firm's fifty day moving average is $1.64 and its two-hundred day moving average is $1.56. The company has a market capitalization of $55.92 million, a PE ratio of 53.02 and a beta of 1.23. Hour Loop has a 52-week low of $1.10 and a 52-week high of $6.90.

Hour Loop (NASDAQ:HOUR - Get Free Report) last released its earnings results on Tuesday, August 12th. The company reported $0.04 earnings per share (EPS) for the quarter. The company had revenue of $27.10 million during the quarter. Hour Loop had a net margin of 0.56% and a return on equity of 12.49%.

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.