Hour Loop, Inc. (NASDAQ:HOUR) Sees Significant Increase in Short Interest

Hour Loop, Inc. (NASDAQ:HOURGet Free Report) was the target of 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 volume of 317,754 shares, the short-interest ratio is currently 0.3 days. Approximately 5.7% of the shares of the company are sold short.

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 position in Hour Loop, Inc. (NASDAQ:HOURFree Report) in the third quarter, according to the company in its most recent disclosure 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 0.15% of Hour Loop as of its most recent SEC filing. 0.31% of the stock is currently owned by institutional investors.

Hour Loop Stock Performance

NASDAQ:HOUR opened at $1.91 on Friday. The stock has a 50-day simple moving average of $2.03 and a two-hundred day simple moving average of $1.95. Hour Loop has a 52-week low of $1.20 and a 52-week high of $6.84. The firm has a market capitalization of $67.21 million, a PE ratio of 38.21 and a beta of 1.41.

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

Analysts Set New Price Targets

Separately, Weiss Ratings raised Hour Loop from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, April 21st. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock has a consensus rating of “Hold”.

Read Our Latest Stock Analysis on Hour Loop

Hour Loop Company Profile

(Get Free Report)

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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