Short Interest in Hour Loop, Inc. (NASDAQ:HOUR) Expands By 367.5%

Hour Loop, Inc. (NASDAQ:HOUR) was the target of a large growth in short interest during the month of January. As of January 15th, there was short interest totalling 130,900 shares, a growth of 367.5% from the December 31st total of 28,000 shares. Based on an average daily volume of 1,650,000 shares, the days-to-cover ratio is currently 0.1 days. Approximately 7.6% of the shares of the company are sold short.

Hour Loop Price Performance

NASDAQ HOUR traded down $0.01 on Tuesday, reaching $1.99. The stock had a trading volume of 133,785 shares, compared to its average volume of 435,629. The company has a market cap of $69.93 million, a P/E ratio of 39.81 and a beta of 1.08. The firm has a fifty day moving average of $1.99 and a two-hundred day moving average of $1.54. Hour Loop has a 1-year low of $0.83 and a 1-year high of $6.90.

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