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 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
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.
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