Hour Loop, Inc. (NASDAQ:HOUR) Short Interest Up 21.6% in April

Key Points

• Short interest up 21.6% — short interest rose to 25,678 shares as of April 15 (about 1.5% of shares), producing a short-interest ratio of 1.2 days based on average daily volume of 20,911 shares.
• Shares opened at $1.94 (down ~3.5%); Hour Loop has a market cap of $68.25M, a 12-month range of $1.13–$6.84, and reported last-quarter EPS of ($0.02) on $56.08M of revenue.
• Analyst and institutional moves: Weiss Ratings upgraded the stock from "sell" to "hold," and Virtu Financial disclosed a new position of 14,380 shares (about $26,000); institutional ownership remains very low (~0.31%).

Hour Loop, Inc. (NASDAQ:HOUR - Get Free Report) saw a significant increase in short interest during the month of April. As of April 15th, there was short interest totaling 25,678 shares, an increase of 21.6% from the March 31st total of 21,123 shares. Approximately 1.5% of the shares of the stock are short sold. Based on an average daily volume of 20,911 shares, the short-interest ratio is presently 1.2 days.

Hour Loop Stock Down 3.5%

Shares of HOUR stock opened at $1.94 on Thursday. The business has a 50-day moving average price of $1.94 and a two-hundred day moving average price of $1.95. Hour Loop has a 12-month low of $1.13 and a 12-month high of $6.84. The firm has a market cap of $68.25 million, a P/E ratio of 38.81 and a beta of 1.43.

Hour Loop (NASDAQ:HOUR - Get Free Report) last announced its quarterly earnings data on Tuesday, March 24th. The company reported ($0.02) EPS for the quarter. Hour Loop had a net margin of 1.20% and a return on equity of 24.69%. The firm had revenue of $56.08 million for the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded shares of Hour Loop from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Tuesday, April 21st. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has an average rating of "Hold".

Hedge Funds Weigh In On Hour Loop

An institutional investor recently bought a new position in Hour Loop stock. Virtu Financial LLC purchased a new position in Hour Loop, Inc. (NASDAQ:HOUR - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 14,380 shares of the company's stock, valued at approximately $26,000. Institutional investors and hedge funds own 0.31% of the company's stock.

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.

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