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

Key Points

• Hour Loop, Inc. experienced a significant increase in short interest, rising to 270,400 shares as of September 15th, marking a 960.4% increase from the previous month.
• The company's stock price decreased by 9.3%, reaching $2.93, while its market capitalization stands at $103.05 million.
• In its latest earnings report, Hour Loop reported $27.10 million in revenue and $0.04 EPS for the quarter, reflecting a net margin of 0.56%.

Hour Loop, Inc. (NASDAQ:HOUR - Get Free Report) saw a large growth in short interest in September. As of September 15th, there was short interest totaling 270,400 shares, a growth of 960.4% from the August 31st total of 25,500 shares. Based on an average daily volume of 4,690,000 shares, the short-interest ratio is presently 0.1 days. Currently, 15.9% of the shares of the stock are sold short. Currently, 15.9% of the shares of the stock are sold short. Based on an average daily volume of 4,690,000 shares, the short-interest ratio is presently 0.1 days.

Hour Loop Trading Down 9.3%

Shares of Hour Loop stock traded down $0.30 during trading on Tuesday, reaching $2.93. The company's stock had a trading volume of 173,287 shares, compared to its average volume of 1,735,885. The stock has a 50-day moving average price of $2.26 and a two-hundred day moving average price of $1.70. Hour Loop has a one year low of $1.10 and a one year high of $6.90. The stock has a market capitalization of $103.05 million, a P/E ratio of 97.70 and a beta of 1.20.

Hour Loop (NASDAQ:HOUR - Get Free Report) last released its quarterly earnings results on Tuesday, August 12th. The company reported $0.04 earnings per share (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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