Short Interest in Hour Loop, Inc. (NASDAQ:HOUR) Drops By 46.7%

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. Based on an average trading volume of 4,620,000 shares, the days-to-cover ratio is presently 0.0 days. Approximately 1.5% of the company's shares are sold short. Approximately 1.5% of the company's shares are sold short. Based on an average trading volume of 4,620,000 shares, the days-to-cover ratio is presently 0.0 days.

Hour Loop Trading Up 5.6%

Shares of HOUR opened at $3.59 on Friday. Hour Loop has a twelve month low of $1.10 and a twelve month high of $6.90. The firm's fifty day simple moving average is $1.95 and its 200-day simple moving average is $1.60. The firm has a market capitalization of $126.26 million, a price-to-earnings ratio of 119.71 and a beta of 1.20.

Hour Loop (NASDAQ:HOUR - Get Free Report) last announced 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 firm had revenue of $27.10 million for 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.

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