Hour Loop, Inc. (NASDAQ:HOUR) Sees Significant Drop in Short Interest

Hour Loop, Inc. (NASDAQ:HOUR) was the target of a significant drop in short interest during the month of February. As of February 15th, there was short interest totalling 30,400 shares, a drop of 79.8% from the January 31st total of 150,200 shares. Based on an average trading volume of 1,770,000 shares, the days-to-cover ratio is presently 0.0 days. Approximately 1.8% of the shares of the stock are sold short.

Hour Loop Price Performance

Shares of HOUR opened at $1.83 on Friday. The firm has a 50 day simple moving average of $2.26 and a two-hundred day simple moving average of $1.71. Hour Loop has a one year low of $0.83 and a one year high of $6.90. The company has a market cap of $64.31 million, a P/E ratio of 36.61 and a beta of 1.06.

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.