Hour Loop, Inc. (NASDAQ:HOUR – Get Free Report) saw a large decline in short interest during the month of September. As of September 15th, there was short interest totaling 12,256 shares, a decline of 36.2% from the August 31st total of 19,206 shares. Currently, 0.7% of the shares of the company are sold short. Based on an average daily volume of 8,477 shares, the short-interest ratio is presently 1.4 days.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Hour Loop in a report on Thursday, August 27th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, Hour Loop presently has a consensus rating of “Hold”.
Check Out Our Latest Stock Report on HOUR
Hour Loop Stock Performance
Hour Loop (NASDAQ:HOUR – Get Free Report) last announced its quarterly earnings results on Tuesday, August 11th. The company reported $0.03 EPS for the quarter, meeting analysts’ consensus estimates of $0.03. The company had revenue of $33.94 million during the quarter, compared to analysts’ expectations of $29.66 million. Hour Loop had a return on equity of 22.31% and a net margin of 1.14%.
About Hour Loop
Hour Loop, Inc is an e-commerce company that sells consumer products through online marketplaces and digital retail channels. Its merchandise spans categories such as home and garden, kitchen and dining, toys and games, apparel and accessories, beauty and personal care, electronics, and office products.
The company’s business model includes sourcing, merchandising, marketing and distributing products through platforms such as Amazon and other third-party online marketplaces. Hour Loop serves customers primarily in the United States through its online sales operations.
Hour Loop was established as an online retail business and became a publicly traded company on the Nasdaq under the symbol HOUR.
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