Hour Loop, Inc. (NASDAQ:HOUR – Get Free Report) was the recipient of a large drop in short interest in the month of June. As of June 15th, there was short interest totaling 17,138 shares, a drop of 78.5% from the May 31st total of 79,649 shares. Based on an average daily volume of 27,845 shares, the short-interest ratio is presently 0.6 days. Approximately 1.0% of the company’s shares are sold short.
Hour Loop Stock Performance
Shares of NASDAQ HOUR traded down $0.01 during mid-day trading on Friday, hitting $1.80. 54,002 shares of the stock traded hands, compared to its average volume of 69,941. The company has a market cap of $63.34 million, a price-to-earnings ratio of 36.01 and a beta of 1.37. The stock has a fifty day moving average price of $2.05 and a 200-day moving average price of $1.94. Hour Loop has a 52 week low of $1.24 and a 52 week high of $6.84.
Hour Loop (NASDAQ:HOUR – Get Free Report) last announced its quarterly earnings data on Tuesday, May 12th. The company reported $0.02 EPS for the quarter. The business had revenue of $29.93 million during the quarter. Hour Loop had a return on equity of 25.29% and a net margin of 1.28%.
Analysts Set New Price Targets
View Our Latest Stock Analysis on HOUR
Institutional Investors Weigh In On Hour Loop
An institutional investor recently bought a new stake in Hour Loop stock. Virtu Financial LLC bought a new stake in shares of Hour Loop, Inc. (NASDAQ:HOUR – Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 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.
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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