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

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

Hour Loop Price Performance

Shares of Hour Loop stock traded down $0.06 on Friday, hitting $1.81. 2,573 shares of the company’s stock traded hands, compared to its average volume of 16,138. The firm’s 50-day moving average price is $1.87 and its two-hundred day moving average price is $2.15. The stock has a market capitalization of $63.54 million, a PE ratio of 36.13 and a beta of 1.43. Hour Loop has a one year low of $1.10 and a one year high of $6.84.

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

Hedge Funds Weigh In On Hour Loop

A hedge fund recently bought a new stake in Hour Loop stock. Virtu Financial LLC purchased a new stake in Hour Loop, Inc. (NASDAQ:HOURFree Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 14,380 shares of the company’s stock, valued at approximately $26,000. 0.31% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Read Our Latest Stock Report on Hour Loop

About Hour Loop

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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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