Hour Loop, Inc. (NASDAQ:HOUR) Stock Short Interest Report for October

Key Points

• Short interest fell sharply at Hour Loop, dropping 35.6% to 27,380 shares as of October 15, representing about 1.6% of shares outstanding and 1.6 days to cover.
• HOUR shares opened at $1.56, near their 12-month low of $1.49 and below both the 50-day and 200-day moving averages. The company has a market capitalization of approximately $54.91 million.
• Hour Loop reported quarterly EPS of $0.03, matching estimates, while revenue of $33.94 million exceeded the $29.66 million consensus forecast. Analysts maintain a Hold consensus, with Weiss Ratings downgrading the stock from “hold (c+)” to “hold (c).”

Hour Loop, Inc. (NASDAQ:HOUR - Get Free Report) was the recipient of a large drop in short interest in October. As of October 15th, there was short interest totaling 27,380 shares, a drop of 35.6% from the September 30th total of 42,544 shares. Approximately 1.6% of the company's stock are short sold. Based on an average daily volume of 17,628 shares, the days-to-cover ratio is currently 1.6 days.

Hour Loop Trading Down 0.6%

Shares of HOUR stock opened at $1.56 on Monday. The stock has a market cap of $54.91 million, a price-to-earnings ratio of 39.01 and a beta of 1.41. The company's 50-day moving average price is $1.77 and its 200-day moving average price is $1.89. Hour Loop has a twelve month low of $1.49 and a twelve month high of $3.18.

Hour Loop (NASDAQ:HOUR - Get Free Report) last released its earnings results on Tuesday, August 11th. The company reported $0.03 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.03. The company had revenue of $33.94 million for the quarter, compared to analyst estimates of $29.66 million. Hour Loop had a net margin of 1.14% and a return on equity of 22.31%.

Analysts Set New Price Targets

Separately, Weiss Ratings downgraded shares of Hour Loop from a "hold (c+)" rating to a "hold (c)" rating in a report on Friday, October 23rd. One analyst has rated the stock with a Hold rating. Based on data from MarketBeat, the company currently has an average rating of "Hold".

About Hour Loop

Hour Loop, Inc is an e-commerce company that sells consumer products through online marketplaces and digital retail channels. The company's merchandise includes items across categories such as home and kitchen, toys, apparel, beauty and personal care, pet supplies, and other everyday consumer goods.

Hour Loop primarily reaches customers through third-party platforms, including Amazon and other major online marketplaces. Its business model involves identifying consumer demand, developing or sourcing products, managing inventory and fulfillment, and marketing merchandise through online channels.

The company was established in the 2010s and is based in the United States.

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