Hour Loop, Inc. (NASDAQ:HOUR – Get Free Report) was the target of a significant drop in short interest during the month of October. As of October 15th, there was short interest totaling 27,380 shares, a drop of 35.6% from the September 30th total of 42,544 shares. Based on an average daily volume of 17,628 shares, the days-to-cover ratio is currently 1.6 days. Approximately 1.6% of the company’s shares are short sold.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings downgraded Hour Loop from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, October 23rd. One investment analyst has rated the stock with a Hold rating. Based on data from MarketBeat.com, the stock has an average rating of “Hold”.
Read Our Latest Report on Hour Loop
Hour Loop Trading Down 0.6%
Shares of NASDAQ:HOUR opened at $1.56 on Monday. The stock has a market capitalization of $54.91 million, a P/E ratio of 39.01 and a beta of 1.41. The business has a 50-day moving average price of $1.77 and a two-hundred day moving average price of $1.89. Hour Loop has a 1-year low of $1.49 and a 1-year high of $3.18.
Hour Loop (NASDAQ:HOUR – Get Free Report) last issued its earnings results on Tuesday, August 11th. The company reported $0.03 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.03. Hour Loop had a return on equity of 22.31% and a net margin of 1.14%. The firm had revenue of $33.94 million for the quarter, compared to analysts’ expectations of $29.66 million.
Hour Loop Company Profile
Hour Loop, Inc is an e-commerce company that sells consumer products through online marketplaces and digital retail channels. The company’s merchandise includes items across categories such as home and kitchen, toys, apparel, beauty and personal care, pet supplies, and other everyday consumer goods.
Hour Loop primarily reaches customers through third-party platforms, including Amazon and other major online marketplaces. Its business model involves identifying consumer demand, developing or sourcing products, managing inventory and fulfillment, and marketing merchandise through online channels.
The company was established in the 2010s and is based in the United States.
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