Hour Loop, Inc. (NASDAQ:HOUR) Short Interest Up 19.0% in September

Hour Loop, Inc. (NASDAQ:HOUR) saw a large increase in short interest in September. As of September 30th, there was short interest totalling 25,700 shares, an increase of 19.0% from the September 15th total of 21,600 shares. Based on an average trading volume of 27,600 shares, the days-to-cover ratio is presently 0.9 days. Approximately 1.5% of the shares of the stock are short sold.

Hour Loop Price Performance

Hour Loop stock traded up $0.03 during midday trading on Wednesday, reaching $1.46. The company had a trading volume of 1,023 shares, compared to its average volume of 28,050. Hour Loop has a 12-month low of $0.83 and a 12-month high of $2.20. The company has a market capitalization of $51.26 million, a P/E ratio of 35.78 and a beta of 1.30. The firm’s fifty day simple moving average is $1.34 and its 200-day simple moving average is $1.14.

Hour Loop (NASDAQ:HOUR) last issued its quarterly earnings results on Friday, August 9th. The company reported $0.02 earnings per share (EPS) for the quarter. Hour Loop had a return on equity of 24.57% and a net margin of 0.91%. The firm had revenue of $28.07 million for the quarter.

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.