Hour Loop, Inc. (NASDAQ:HOUR) Short Interest Down 65.9% in April

Hour Loop, Inc. (NASDAQ:HOUR) saw a large decrease in short interest in April. As of April 15th, there was short interest totalling 39,100 shares, a decrease of 65.9% from the March 31st total of 114,600 shares. Based on an average daily volume of 227,300 shares, the short-interest ratio is currently 0.2 days. Approximately 2.3% of the company’s shares are short sold.

Hour Loop Price Performance

Hour Loop stock opened at $1.36 on Friday. Hour Loop has a 12-month low of $0.83 and a 12-month high of $6.90. The firm’s 50-day moving average is $1.55 and its two-hundred day moving average is $1.75. The stock has a market capitalization of $47.63 million, a P/E ratio of 27.11 and a beta of 1.18.

Hour Loop (NASDAQ:HOUR) last posted its quarterly earnings results on Thursday, March 27th. The company reported ($0.04) earnings per share (EPS) for the quarter. Hour Loop had a net margin of 1.24% and a return on equity of 31.06%. The firm had revenue of $54.43 million for the quarter.

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.