Hour Loop, Inc. (NASDAQ:HOUR) Short Interest Down 46.7% in August

Key Points

• Short interest in Hour Loop, Inc. decreased by 46.7% in August, falling from 47,800 shares to 25,500 shares, indicating reduced bearish sentiment towards the stock.
• Hour Loop's stock price increased by 5.6%, opening at $3.59, with a market cap of $126.26 million and a price-to-earnings ratio of 119.71.
• The company reported a quarterly earnings result of $0.04 EPS with revenues of $27.10 million, reflecting a net margin of 0.56% and a return on equity of 12.49%.

Hour Loop, Inc. (NASDAQ:HOUR - Get Free Report) was the recipient of a large decrease in short interest during the month of August. As of August 31st, there was short interest totaling 25,500 shares, a decrease of 46.7% from the August 15th total of 47,800 shares. Currently, 1.5% of the shares of the company are sold short. Based on an average daily volume of 4,620,000 shares, the days-to-cover ratio is presently 0.0 days. Based on an average daily volume of 4,620,000 shares, the days-to-cover ratio is presently 0.0 days. Currently, 1.5% of the shares of the company are sold short.

Hour Loop Stock Down 2.9%

NASDAQ:HOUR traded down $0.10 during mid-day trading on Friday, reaching $3.17. 121,135 shares of the company were exchanged, compared to its average volume of 1,795,096. Hour Loop has a 12 month low of $1.10 and a 12 month high of $6.90. The company has a fifty day moving average of $2.08 and a 200 day moving average of $1.64. The stock has a market cap of $111.31 million, a PE ratio of 105.54 and a beta of 1.20.

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. Hour Loop had a net margin of 0.56% and a return on equity of 12.49%. The company had revenue of $27.10 million during the quarter.

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.