Short Interest in Hour Loop, Inc. (NASDAQ:HOUR) Decreases By 49.0%

Hour Loop, Inc. (NASDAQ:HOUR) was the target of a large decline in short interest in July. As of July 31st, there was short interest totaling 33,000 shares, adeclineof49.0% from the July 15th total of 64,700 shares. Approximately1.9% of the shares of the stock are sold short. Based on an average daily volume of 153,800 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily volume of 153,800 shares, the days-to-cover ratio is presently 0.2 days. Approximately1.9% of the shares of the stock are sold short.

Hour Loop Stock Down 0.6%

Shares of HOUR stock opened at $1.72 on Wednesday. The stock has a market cap of $60.49 million, a P/E ratio of 57.35 and a beta of 1.23. Hour Loop has a 52 week low of $1.10 and a 52 week high of $6.90. The company’s fifty day simple moving average is $1.62 and its two-hundred day simple moving average is $1.57.

Hour Loop (NASDAQ:HOUR) 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 business had revenue of $27.10 million for the quarter.

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.