Hour Loop, Inc. (NASDAQ:HOUR) Sees Significant Growth in Short Interest

Hour Loop, Inc. (NASDAQ:HOUR) was the target of a significant increase in short interest during the month of July. As of July 15th, there was short interest totalling 17,000 shares, an increase of 169.8% from the June 30th total of 6,300 shares. Approximately 1.0% of the shares of the company are short sold. Based on an average daily volume of 13,200 shares, the short-interest ratio is currently 1.3 days.

Hour Loop Stock Down 3.8 %

Shares of NASDAQ HOUR traded down $0.04 during trading on Friday, reaching $0.97. 12,304 shares of the stock traded hands, compared to its average volume of 7,794. Hour Loop has a 52-week low of $0.89 and a 52-week high of $2.20. The company has a 50-day moving average of $1.00 and a 200-day moving average of $1.16.

Hour Loop (NASDAQ:HOUR) last announced its quarterly earnings data on Monday, May 6th. The company reported $0.03 earnings per share (EPS) for the quarter. The business had revenue of $24.68 million for the quarter. Hour Loop had a negative return on equity of 2.60% and a negative net margin of 0.09%.

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.