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) saw a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 64,700 shares, anincreaseof1,194.0% from the June 30th total of 5,000 shares. Approximately3.8% of the company's shares are short sold. Based on an average trading volume of 157,300 shares, the days-to-cover ratio is currently 0.4 days. Based on an average trading volume of 157,300 shares, the days-to-cover ratio is currently 0.4 days. Approximately3.8% of the company's shares are short sold.

Hour Loop Price Performance

Hour Loop stock traded up $0.14 during trading hours on Wednesday, hitting $1.88. The company had a trading volume of 65,784 shares, compared to its average volume of 178,462. Hour Loop has a one year low of $0.83 and a one year high of $6.90. The firm has a 50-day moving average of $1.52 and a 200 day moving average of $1.59. The firm has a market cap of $66.10 million, a PE ratio of 188.19 and a beta of 1.23.

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