Hour Loop, Inc. (NASDAQ:HOUR) Sees Large Drop in Short Interest

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 target of a large decline in short interest in July. As of July 31st, there was short interest totaling 33,000 shares, adeclineof49.0% from the July 15th total of 64,700 shares. Currently,1.9% of the shares of the stock are sold short. Based on an average daily trading volume, of 153,800 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily trading volume, of 153,800 shares, the days-to-cover ratio is currently 0.2 days. Currently,1.9% of the shares of the stock are sold short.

Hour Loop Price Performance

Shares of HOUR stock traded down $0.03 on Monday, reaching $1.73. 4,130 shares of the stock were exchanged, compared to its average volume of 37,488. The stock has a market cap of $60.84 million, a PE ratio of 57.69 and a beta of 1.23. Hour Loop has a one year low of $1.10 and a one year high of $6.90. The stock has a 50 day moving average price of $1.61 and a 200 day moving average price of $1.57.

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

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.

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