Hour Loop, Inc. (NASDAQ:HOUR) Short Interest Update

Key Points

• Hour Loop, Inc. (NASDAQ:HOUR) experienced a significant increase in short interest, rising by 1,194.0% in July, reaching a total of 64,700 shares shorted.
• The company's stock price opened at $1.72, with a market capitalization of $60.55 million and a PE ratio of 172.37.
• In its most recent earnings report, Hour Loop posted a revenue of $25.84 million and earnings per share (EPS) of $0.02 for the quarter.

Hour Loop, Inc. (NASDAQ:HOUR - Get Free Report) was the target of a large growth in short interest in July. As of July 15th, there was short interest totaling 64,700 shares, agrowthof1,194.0% from the June 30th total of 5,000 shares. Currently,3.8% of the company's stock are sold short. Based on an average daily volume of 157,300 shares, the days-to-cover ratio is currently 0.4 days. Based on an average daily volume of 157,300 shares, the days-to-cover ratio is currently 0.4 days. Currently,3.8% of the company's stock are sold short.

Hour Loop Trading Down 4.3%

NASDAQ:HOUR opened at $1.72 on Friday. Hour Loop has a 1 year low of $0.83 and a 1 year high of $6.90. The firm's fifty day simple moving average is $1.50 and its 200 day simple moving average is $1.60. The firm has a market capitalization of $60.55 million, a PE ratio of 172.37 and a beta of 1.20.

Hour Loop (NASDAQ:HOUR - Get Free Report) last posted its earnings results on Monday, May 12th. The company reported $0.02 earnings per share (EPS) for the quarter. Hour Loop had a net margin of 0.18% and a return on equity of 4.14%. The business had revenue of $25.84 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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