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) was the recipient of a large growth in short interest in August. As of August 15th, there was short interest totaling 47,800 shares, a growth of 44.8% from the July 31st total of 33,000 shares. Approximately 2.8% of the shares of the stock are sold short. Based on an average daily trading volume, of 150,600 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily trading volume, of 150,600 shares, the days-to-cover ratio is presently 0.3 days. Approximately 2.8% of the shares of the stock are sold short.

Hour Loop Stock Performance

Shares of NASDAQ HOUR traded up $0.19 during midday trading on Friday, reaching $3.59. 1,193,178 shares of the stock were exchanged, compared to its average volume of 14,608,213. The company has a 50 day simple moving average of $1.91 and a 200 day simple moving average of $1.59. The stock has a market capitalization of $126.26 million, a P/E ratio of 113.33 and a beta of 1.20. Hour Loop has a twelve month low of $1.10 and a twelve month high of $6.90.

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

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.