Hour Loop, Inc. (NASDAQ:HOUR) Short Interest Up 47.5% in March

Key Points

• Short interest jumped 47.5% to 21,123 shares as of March 31, representing 1.2% of shares short and a days-to-cover ratio of about 2.4 days.
• HOUR traded up 1.1% to $1.89 with a market cap of $66.49 million, and recently reported EPS of ($0.02) on $56.08 million of revenue for the quarter.
• Hedge fund Two Sigma bought a new stake of 54,226 shares (~0.15% ownership) while overall institutional ownership is about 0.31%, and Weiss Ratings has reaffirmed a "Sell" rating (consensus: Sell).

Hour Loop, Inc. (NASDAQ:HOUR - Get Free Report) was the recipient of a significant increase in short interest during the month of March. As of March 31st, there was short interest totaling 21,123 shares, an increase of 47.5% from the March 15th total of 14,320 shares. Currently, 1.2% of the shares of the company are short sold. Based on an average trading volume of 8,721 shares, the days-to-cover ratio is currently 2.4 days.

Hour Loop Stock Up 1.1%

HOUR traded up $0.02 on Tuesday, hitting $1.89. The company's stock had a trading volume of 5,680 shares, compared to its average volume of 15,235. The company's 50 day simple moving average is $1.88 and its 200-day simple moving average is $2.01. The firm has a market cap of $66.49 million, a P/E ratio of 37.81 and a beta of 1.43. Hour Loop has a 12 month low of $1.12 and a 12 month high of $6.84.

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

Institutional Trading of Hour Loop

A hedge fund recently bought a new stake in Hour Loop stock. Two Sigma Investments LP acquired a new stake in shares of Hour Loop, Inc. (NASDAQ:HOUR - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 54,226 shares of the company's stock, valued at approximately $159,000. Two Sigma Investments LP owned approximately 0.15% of Hour Loop as of its most recent filing with the SEC. Institutional investors own 0.31% of the company's stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Hour Loop in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus rating of "Sell".

About Hour Loop

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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