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

Hour Loop, Inc. (NASDAQ:HOUR) saw a large increase in short interest in January. As of January 15th, there was short interest totalling 130,900 shares, an increase of 367.5% from the December 31st total of 28,000 shares. Approximately 7.6% of the shares of the stock are short sold. Based on an average trading volume of 1,650,000 shares, the short-interest ratio is presently 0.1 days.

Hour Loop Price Performance

Hour Loop stock opened at $1.92 on Wednesday. The firm has a 50 day simple moving average of $2.00 and a 200-day simple moving average of $1.55. Hour Loop has a 1-year low of $0.83 and a 1-year high of $6.90. The stock has a market cap of $67.47 million, a price-to-earnings ratio of 38.41 and a beta of 1.08.

Hour Loop (NASDAQ:HOUR) last issued its quarterly earnings data on Tuesday, November 12th. The company reported $0.01 EPS for the quarter. The firm had revenue of $31.08 million for the quarter. Hour Loop had a net margin of 1.24% and a return on equity of 31.06%.

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.