Hour Loop, Inc. (NASDAQ:HOUR – Get Free Report) was the recipient of a large increase in short interest in June. As of June 30th, there was short interest totaling 67,795 shares, an increase of 295.6% from the June 15th total of 17,138 shares. Currently, 3.9% of the company’s shares are sold short. Based on an average daily volume of 115,209 shares, the days-to-cover ratio is currently 0.6 days.
Hour Loop Price Performance
NASDAQ HOUR traded down $0.12 during trading hours on Tuesday, hitting $1.95. The company had a trading volume of 32,355 shares, compared to its average volume of 57,947. Hour Loop has a fifty-two week low of $1.24 and a fifty-two week high of $6.84. The company has a market capitalization of $68.73 million, a price-to-earnings ratio of 39.07 and a beta of 1.38. The firm’s 50 day moving average is $2.01 and its 200 day moving average is $1.94.
Hour Loop (NASDAQ:HOUR – Get Free Report) last issued its quarterly earnings data 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 company had revenue of $29.93 million for the quarter.
Analyst Ratings Changes
Read Our Latest Analysis on Hour Loop
Hedge Funds Weigh In On Hour Loop
An institutional investor recently bought a new position in Hour Loop stock. Two Sigma Investments LP acquired a new stake in Hour Loop, Inc. (NASDAQ:HOUR – Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 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 SEC filing. Hedge funds and other institutional investors own 0.31% of the company’s stock.
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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