Hour Loop, Inc. (NASDAQ:HOUR – Get 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:HOUR – Get 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
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
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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