Hour Loop, Inc. (NASDAQ:HOUR) Short Interest Down 39.4% in March

Hour Loop, Inc. (NASDAQ:HOURGet Free Report) was the recipient of a large decline in short interest during the month of March. As of March 13th, there was short interest totaling 14,320 shares, a decline of 39.4% from the February 26th total of 23,643 shares. Based on an average daily volume of 9,998 shares, the days-to-cover ratio is presently 1.4 days. Approximately 0.8% of the shares of the stock are short sold.

Hour Loop Stock Performance

Shares of NASDAQ HOUR traded down $0.06 during trading on Friday, reaching $1.81. The company had a trading volume of 2,573 shares, compared to its average volume of 16,138. Hour Loop has a 52 week low of $1.10 and a 52 week high of $6.84. The business’s 50 day moving average price is $1.87 and its 200-day moving average price is $2.15. The stock has a market cap of $63.54 million, a PE ratio of 36.13 and a beta of 1.43.

Hour Loop (NASDAQ:HOURGet Free Report) last released its quarterly earnings results on Tuesday, March 24th. The company reported ($0.02) EPS for the quarter. The company had revenue of $56.08 million for the quarter. Hour Loop had a net margin of 1.20% and a return on equity of 24.69%.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d+)” rating on shares of Hour Loop in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Hour Loop presently has an average rating of “Sell”.

Check Out Our Latest Stock Report on HOUR

Institutional Investors Weigh In On Hour Loop

An institutional investor recently bought a new position in Hour Loop stock. Virtu Financial LLC purchased a new stake in shares of Hour Loop, Inc. (NASDAQ:HOURFree Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 14,380 shares of the company’s stock, valued at approximately $26,000. Institutional investors own 0.31% of the company’s stock.

Hour Loop Company Profile

(Get Free Report)

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. Hour Loop, Inc was founded in 2013 and is headquartered in Redmond, Washington.

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