Short Interest in Hour Loop, Inc. (NASDAQ:HOUR) Grows By 239.1%

Hour Loop, Inc. (NASDAQ:HOUR) was the target of a large growth in short interest in the month of March. As of March 31st, there was short interest totalling 114,600 shares, a growth of 239.1% from the March 15th total of 33,800 shares. Based on an average daily volume of 234,100 shares, the days-to-cover ratio is presently 0.5 days. Approximately 6.7% of the shares of the stock are sold short.

Hour Loop Trading Down 4.7 %

HOUR traded down $0.06 during trading hours on Wednesday, hitting $1.21. The company’s stock had a trading volume of 16,132 shares, compared to its average volume of 497,038. Hour Loop has a 12 month low of $0.83 and a 12 month high of $6.90. The business’s 50-day moving average price is $1.68 and its 200-day moving average price is $1.76. The stock has a market cap of $42.53 million, a price-to-earnings ratio of 24.20 and a beta of 1.18.

Hour Loop (NASDAQ:HOUR) last issued its earnings results on Thursday, March 27th. The company reported ($0.04) earnings per share (EPS) for the quarter. The company had revenue of $54.43 million for the quarter. Hour Loop had a net margin of 1.24% and a return on equity of 31.06%.

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.