Hour Loop, Inc. (NASDAQ:HOUR – Get Free Report) saw a significant growth in short interest in the month of May. As of May 15th, there was short interest totaling 100,357 shares, a growth of 630.9% from the April 30th total of 13,730 shares. Based on an average daily trading volume, of 317,754 shares, the short-interest ratio is presently 0.3 days. Approximately 5.7% of the company’s stock are short sold.
Hour Loop Stock Performance
Shares of NASDAQ:HOUR traded down $0.01 during trading on Thursday, hitting $1.85. The company’s stock had a trading volume of 13,282 shares, compared to its average volume of 50,736. Hour Loop has a fifty-two week low of $1.20 and a fifty-two week high of $6.84. The stock’s 50-day moving average price is $2.03 and its two-hundred day moving average price is $1.95. The company has a market capitalization of $64.93 million, a PE ratio of 36.91 and a beta of 1.41.
Hour Loop (NASDAQ:HOUR – Get Free Report) last released its quarterly earnings results on Tuesday, May 12th. The company reported $0.02 EPS for the quarter. Hour Loop had a return on equity of 25.29% and a net margin of 1.28%.The business had revenue of $29.93 million for the quarter.
Analyst Upgrades and Downgrades
Get Our Latest Stock Report on HOUR
Institutional Inflows and Outflows
An institutional investor recently bought a new position in Hour Loop stock. Virtu Financial LLC purchased a new position in Hour Loop, Inc. (NASDAQ:HOUR – Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 14,380 shares of the company’s stock, valued at approximately $26,000. Institutional investors own 0.31% of the company’s stock.
Hour Loop Company Profile
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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