Hour Loop, Inc. (NASDAQ:HOUR) Stock Short Interest Report for October

Hour Loop, Inc. (NASDAQ:HOUR – Get Free Report) saw a significant decline in short interest during the month of October. As of October 15th, there was short interest totaling 27,380 shares, a decline of 35.6% from the September 30th total of 42,544 shares. Based on an average daily trading volume, of 17,628 shares, the days-to-cover ratio is presently 1.6 days. Approximately 1.6% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings lowered shares of Hour Loop from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, October 23rd. One investment analyst has rated the stock with a Hold rating. According to MarketBeat.com, the stock has an average rating of “Hold”.

Check Out Our Latest Report on Hour Loop

Hour Loop Trading Down 0.3%

HOUR traded down $0.01 on Tuesday, hitting $1.55. 2,334 shares of the stock traded hands, compared to its average volume of 42,608. The business has a fifty day moving average price of $1.77 and a two-hundred day moving average price of $1.89. The firm has a market capitalization of $54.74 million, a PE ratio of 38.88 and a beta of 1.38. Hour Loop has a 52 week low of $1.49 and a 52 week high of $3.18.

Hour Loop (NASDAQ:HOUR – Get Free Report) last announced its quarterly earnings data on Tuesday, August 11th. The company reported $0.03 EPS for the quarter, hitting analysts’ consensus estimates of $0.03. The company had revenue of $33.94 million during the quarter, compared to the consensus estimate of $29.66 million. Hour Loop had a return on equity of 22.31% and a net margin of 1.14%.

About Hour Loop

(Get Free Report)

Hour Loop, Inc is an e-commerce company that sells consumer products through online marketplaces and digital retail channels. The company’s merchandise includes items across categories such as home and kitchen, toys, apparel, beauty and personal care, pet supplies, and other everyday consumer goods.

Hour Loop primarily reaches customers through third-party platforms, including Amazon and other major online marketplaces. Its business model involves identifying consumer demand, developing or sourcing products, managing inventory and fulfillment, and marketing merchandise through online channels.

The company was established in the 2010s and is based in the United States.

Further Reading

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