Hour Loop, Inc. (NASDAQ:HOUR) Sees Large Increase in Short Interest

Hour Loop, Inc. (NASDAQ:HOUR) was the target of a large increase in short interest in the month of December. As of December 31st, there was short interest totalling 130,900 shares, an increase of 367.5% from the December 15th total of 28,000 shares. Based on an average daily volume of 1,650,000 shares, the days-to-cover ratio is presently 0.1 days. Currently, 7.6% of the company’s stock are short sold.

Hour Loop Stock Down 2.3 %

HOUR stock traded down $0.05 during midday trading on Monday, reaching $2.10. 129,781 shares of the company’s stock traded hands, compared to its average volume of 154,469. The firm’s fifty day moving average price is $1.84 and its 200-day moving average price is $1.45. Hour Loop has a 52 week low of $0.83 and a 52 week high of $6.90. The company has a market cap of $73.80 million, a price-to-earnings ratio of 42.01 and a beta of 1.08.

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.