Hour Loop, Inc. (NASDAQ:HOUR) Sees Significant Decline in Short Interest

Hour Loop, Inc. (NASDAQ:HOUR) saw a significant decrease in short interest in the month of December. As of December 15th, there was short interest totaling 35,744 shares, a decrease of 21.0% from the November 30th total of 45,225 shares. Based on an average trading volume of 32,981 shares, the days-to-cover ratio is presently 1.1 days. Currently, 2.0% of the shares of the company are sold short. Currently, 2.0% of the shares of the company are sold short. Based on an average trading volume of 32,981 shares, the days-to-cover ratio is presently 1.1 days.

Hedge Funds Weigh In On Hour Loop

An institutional investor recently bought a new position in Hour Loop stock. Two Sigma Investments LP bought a new stake in shares of Hour Loop, Inc. (NASDAQ:HOUR) during the 3rd quarter, according to its most recent filing with the SEC. The fund bought 54,226 shares of the company’s stock, valued at approximately $159,000. Two Sigma Investments LP owned approximately 0.15% of Hour Loop as of its most recent filing with the SEC. 0.31% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Hour Loop in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Hour Loop has an average rating of “Sell”.

Hour Loop Stock Down 4.8%

Shares of HOUR stock traded down $0.09 during mid-day trading on Wednesday, reaching $1.80. The stock had a trading volume of 99,333 shares, compared to its average volume of 31,100. The firm’s 50 day simple moving average is $1.99 and its 200 day simple moving average is $2.07. Hour Loop has a one year low of $1.10 and a one year high of $6.84. The firm has a market cap of $63.32 million, a PE ratio of 60.02 and a beta of 1.44.

Hour Loop (NASDAQ:HOUR) last released its quarterly earnings data on Wednesday, November 12th. The company reported $0.01 earnings per share (EPS) for the quarter. The business had revenue of $33.42 million for the quarter. Hour Loop had a return on equity of 12.96% and a net margin of 0.59%.

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.