Hour Loop, Inc. (NASDAQ:HOUR) Short Interest Up 47.5% in March
by Scott Moore · The Cerbat GemHour Loop, Inc. (NASDAQ:HOUR – Get Free Report) was the recipient of a large increase in short interest in March. As of March 31st, there was short interest totaling 21,123 shares, an increase of 47.5% from the March 15th total of 14,320 shares. Currently, 1.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 8,721 shares, the days-to-cover ratio is currently 2.4 days.
Hedge Funds Weigh In On Hour Loop
An institutional investor recently bought a new position in Hour Loop stock. Virtu Financial LLC bought a new stake in shares of Hour Loop, Inc. (NASDAQ:HOUR – Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 14,380 shares of the company’s stock, valued at approximately $26,000. Institutional investors and hedge funds own 0.31% of the company’s stock.
Hour Loop Stock Performance
Shares of HOUR stock traded up $0.02 on Tuesday, hitting $1.89. 5,680 shares of the company’s stock traded hands, compared to its average volume of 15,235. Hour Loop has a one year low of $1.12 and a one year high of $6.84. The company’s fifty day simple moving average is $1.88 and its 200 day simple moving average is $2.01. The stock has a market capitalization of $66.49 million, a price-to-earnings ratio of 37.81 and a beta of 1.43.
Hour Loop (NASDAQ:HOUR – Get Free Report) last released its earnings results on Tuesday, March 24th. The company reported ($0.02) EPS for the quarter. Hour Loop had a net margin of 1.20% and a return on equity of 24.69%. The business had revenue of $56.08 million for the quarter.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Hour Loop in a report on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has a consensus rating of “Sell”.
Check Out Our Latest Report on HOUR
Hour Loop Company Profile
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.