Hour Loop, Inc. (NASDAQ:HOUR) Short Interest Update

Hour Loop, Inc. (NASDAQ:HOUR) saw a large decrease in short interest during the month of January. As of January 30th, there was short interest totaling 21,490 shares, a decrease of 17.0% from the January 15th total of 25,878 shares. Based on an average trading volume of 23,149 shares, the short-interest ratio is presently 0.9 days. Currently, 1.2% of the shares of the stock are short sold. Currently, 1.2% of the shares of the stock are short sold. Based on an average trading volume of 23,149 shares, the short-interest ratio is presently 0.9 days.

Hour Loop Stock Performance

Shares of HOUR stock traded up $0.08 on Wednesday, hitting $2.01. The company had a trading volume of 2,432 shares, compared to its average volume of 21,201. Hour Loop has a twelve month low of $1.10 and a twelve month high of $6.84. The firm has a market cap of $70.64 million, a P/E ratio of 64.85 and a beta of 1.45. The stock’s 50-day moving average is $1.87 and its two-hundred day moving average is $2.13.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d+)” rating on shares of Hour Loop in a research note on Thursday, January 22nd. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has an average rating of “Sell”.

Institutional Trading of Hour Loop

A hedge fund recently bought a new stake in Hour Loop stock. Two Sigma Investments LP acquired a new position in Hour Loop, Inc. (NASDAQ:HOUR) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 54,226 shares of the company’s stock, valued at approximately $159,000. Two Sigma Investments LP owned about 0.15% of Hour Loop as of its most recent SEC filing. 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.