Hour Loop, Inc. (NASDAQ:HOUR – Get Free Report) saw a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 42,544 shares, an increase of 247.1% from the September 15th total of 12,256 shares. Based on an average trading volume of 29,364 shares, the days-to-cover ratio is presently 1.4 days. Approximately 2.4% of the shares of the company are short sold.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings raised Hour Loop from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday. One analyst has rated the stock with a Hold rating. Based on data from MarketBeat, the company has a consensus rating of “Hold”.
Check Out Our Latest Stock Report on Hour Loop
Hour Loop Price Performance
Hour Loop (NASDAQ:HOUR – Get Free Report) last released its quarterly earnings data on Tuesday, August 11th. The company reported $0.03 EPS for the quarter, meeting the consensus estimate of $0.03. The business had revenue of $33.94 million for the quarter, compared to the consensus estimate of $29.66 million. Hour Loop had a net margin of 1.14% and a return on equity of 22.31%.
Hour Loop Company Profile
Hour Loop, Inc is an e-commerce company that sells consumer products through online marketplaces. The company offers products across categories that include home and kitchen, toys and games, arts and crafts, beauty and personal care, apparel, and related merchandise.
Hour Loop markets and distributes its products through platforms such as Amazon, Walmart, and Etsy. Its business model focuses on identifying consumer products, developing or sourcing merchandise, and managing online listings, fulfillment, and sales across multiple digital retail channels.
The company was founded in 2015 and is headquartered in Redmond, Washington.
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