Hour Loop, Inc. (NASDAQ:HOUR) Short Interest Up 44.8% in August

Key Points

• The short interest in Hour Loop, Inc. (NASDAQ:HOUR) increased by 44.8% in August, bringing the total to 47,800 shares.
• Hour Loop's share price rose by 93.1% to $3.65, with a market cap of $128.37 million and a PE ratio of 121.71.
• The company reported a quarterly revenue of $27.10 million and an EPS of $0.04, with a net margin of 0.56%.

Hour Loop, Inc. (NASDAQ:HOUR - Get Free Report) saw a significant growth in short interest in the month of August. As of August 15th, there was short interest totaling 47,800 shares, agrowthof44.8% from the July 31st total of 33,000 shares. Based on an average daily trading volume, of 150,600 shares, the days-to-cover ratio is presently 0.3 days. Currently,2.8% of the shares of the stock are short sold. Currently,2.8% of the shares of the stock are short sold. Based on an average daily trading volume, of 150,600 shares, the days-to-cover ratio is presently 0.3 days.

Hour Loop Trading Up 93.1%

Shares of NASDAQ:HOUR traded up $1.76 during trading on Friday, hitting $3.65. 209,973,064 shares of the stock were exchanged, compared to its average volume of 477,949. The company has a market cap of $128.37 million, a PE ratio of 121.71 and a beta of 1.20. The company has a fifty day moving average price of $1.71 and a two-hundred day moving average price of $1.53. Hour Loop has a 12-month low of $1.10 and a 12-month high of $6.90.

Hour Loop (NASDAQ:HOUR - Get Free Report) last posted its earnings results 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 company had revenue of $27.10 million for 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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