Hour Loop, Inc. (NASDAQ:HOUR – Get Free Report) was the recipient of a significant growth in short interest in September. As of September 30th, there was short interest totaling 42,544 shares, a growth of 247.1% from the September 15th total of 12,256 shares. Approximately 2.4% of the company’s stock are short sold. Based on an average trading volume of 29,364 shares, the short-interest ratio is currently 1.4 days.
Hour Loop Trading Down 6.1%
Shares of HOUR traded down $0.11 during midday trading on Monday, hitting $1.68. The stock had a trading volume of 17,919 shares, compared to its average volume of 21,924. The business has a 50-day simple moving average of $1.85 and a two-hundred day simple moving average of $1.93. Hour Loop has a fifty-two week low of $1.67 and a fifty-two week high of $3.18. The firm has a market cap of $59.14 million, a P/E ratio of 44.75 and a beta of 1.38.
Hour Loop (NASDAQ:HOUR – Get Free Report) last announced its quarterly earnings data on Tuesday, August 11th. The company reported $0.03 EPS for the quarter, meeting analysts’ consensus estimates of $0.03. Hour Loop had a net margin of 1.14% and a return on equity of 22.31%. The firm had revenue of $33.94 million for the quarter, compared to the consensus estimate of $29.66 million.
Analyst Ratings Changes
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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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