Hour Loop, Inc. (NASDAQ:HOUR) Short Interest Update

Hour Loop, Inc. (NASDAQ:HOURGet Free Report) was the recipient of a significant decline in short interest during the month of April. As of April 30th, there was short interest totaling 13,730 shares, a decline of 46.5% from the April 15th total of 25,678 shares. Approximately 0.8% of the shares of the stock are sold short. Based on an average daily trading volume, of 14,143 shares, the days-to-cover ratio is currently 1.0 days.

Hour Loop Stock Down 2.4%

HOUR traded down $0.05 during trading on Friday, reaching $2.06. 28,722 shares of the stock traded hands, compared to its average volume of 182,723. The stock’s 50-day moving average is $2.02 and its 200 day moving average is $1.96. Hour Loop has a 12 month low of $1.18 and a 12 month high of $6.84. The stock has a market capitalization of $72.49 million, a PE ratio of 41.21 and a beta of 1.41.

Hour Loop (NASDAQ:HOURGet Free Report) last posted its earnings results on Tuesday, May 12th. The company reported $0.02 earnings per share for the quarter. The company had revenue of $29.93 million for the quarter. Hour Loop had a net margin of 1.28% and a return on equity of 25.29%.

Institutional Inflows and Outflows

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 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 14,380 shares of the company’s stock, valued at approximately $26,000. Institutional investors and hedge funds own 0.31% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings raised shares of Hour Loop from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, April 21st. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has an average rating of “Hold”.

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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