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

Hour Loop, Inc. (NASDAQ:HOUR) was the recipient of a significant decrease in short interest during the month of June. As of June 15th, there was short interest totaling 17,138 shares, a decrease 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 short sold.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded shares of Hour Loop from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, June 1st. One analyst has rated the stock with a Hold rating, According to MarketBeat, the stock presently has an average rating of “Hold”.

Hour Loop Trading Down 0.6%

NASDAQ:HOUR traded down $0.01 on Friday, hitting $1.80. 54,002 shares of the stock were exchanged, compared to its average volume of 69,941. The stock has a market cap of $63.34 million, a PE ratio of 36.01 and a beta of 1.37. The stock has a fifty day moving average of $2.05 and a 200-day moving average of $1.94. Hour Loop has a fifty-two week low of $1.24 and a fifty-two week high of $6.84.

Hour Loop (NASDAQ:HOUR) last released its quarterly earnings data on Tuesday, May 12th. The company reported $0.02 earnings per share for the quarter. The business had revenue of $29.93 million for the quarter. Hour Loop had a return on equity of 25.29% and a net margin of 1.28%.

Institutional Investors Weigh In On Hour Loop

An institutional investor 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 the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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. 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.