Hour Loop, Inc. (NASDAQ:HOUR) Short Interest Up 630.9% in May

Hour Loop, Inc. (NASDAQ:HOUR) was the target of a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 100,357 shares, an increase of 630.9% from the April 30th total of 13,730 shares. Approximately 5.7% of the company’s shares are sold short. Based on an average daily volume of 317,754 shares, the short-interest ratio is currently 0.3 days.

Analyst Ratings Changes

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

Hour Loop Stock Performance

Hour Loop stock traded down $0.01 during midday trading on Thursday, reaching $1.85. The stock had a trading volume of 13,282 shares, compared to its average volume of 50,736. Hour Loop has a twelve month low of $1.20 and a twelve month high of $6.84. The stock has a market capitalization of $64.93 million, a PE ratio of 36.91 and a beta of 1.41. The stock’s 50-day simple moving average is $2.03 and its 200 day simple moving average is $1.95.

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

Institutional Investors Weigh In On Hour Loop

A hedge fund recently bought a new stake in Hour Loop stock. Virtu Financial LLC bought a new position in Hour Loop, Inc. (NASDAQ:HOUR) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 14,380 shares of the company’s stock, valued at approximately $26,000. Hedge funds and other institutional investors own 0.31% of the company’s stock.

About Hour Loop

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.