Hour Loop, Inc. (NASDAQ:HOUR) Short Interest Update

Hour Loop, Inc. (NASDAQ:HOUR) was the target of a large increase in short interest in June. As of June 30th, there was short interest totaling 67,795 shares, an increase of 295.6% from the June 15th total of 17,138 shares. Currently, 3.9% of the company’s stock are sold short. Based on an average daily volume of 115,209 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Trading of Hour Loop

A hedge fund recently bought a new position in Hour Loop stock. Two Sigma Investments LP acquired a new stake in shares of Hour Loop, Inc. (NASDAQ:HOUR) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 54,226 shares of the company’s stock, valued at approximately $159,000. Two Sigma Investments LP owned 0.15% of Hour Loop at the end of the most recent reporting period. 0.31% of the stock is currently owned by hedge funds and other institutional investors.

Hour Loop Trading Down 0.5%

Hour Loop stock traded down $0.01 during mid-day trading on Monday, reaching $2.07. The company’s stock had a trading volume of 87,201 shares, compared to its average volume of 103,936. The firm has a market cap of $72.84 million, a price-to-earnings ratio of 41.41 and a beta of 1.38. The business has a 50 day moving average price of $2.01 and a 200-day moving average price of $1.94. Hour Loop has a twelve month low of $1.24 and a twelve month high of $6.84.

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

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded Hour Loop from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, June 1st. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.

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.