Hour Loop, Inc. (NASDAQ:HOUR) Short Interest Up 630.9% in May

Hour Loop, Inc. (NASDAQ:HOUR) saw a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 100,357 shares, an increase of 630.9% from the April 30th total of 13,730 shares. Currently, 5.7% of the shares of the company are short sold. Based on an average daily volume of 317,754 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Hour Loop stock. Two Sigma Investments LP bought a new stake in Hour Loop, Inc. (NASDAQ:HOUR) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 54,226 shares of the company’s stock, valued at approximately $159,000. Two Sigma Investments LP owned 0.15% of Hour Loop as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 0.31% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded shares of Hour Loop from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, April 21st. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, Hour Loop presently has a consensus rating of “Hold”.

Hour Loop Stock Performance

HOUR traded up $0.06 during trading on Friday, reaching $1.91. The company’s stock had a trading volume of 26,743 shares, compared to its average volume of 189,957. The company’s fifty day moving average price is $2.03 and its 200-day moving average price is $1.95. Hour Loop has a 52-week low of $1.20 and a 52-week high of $6.84. The company has a market capitalization of $67.21 million, a price-to-earnings ratio of 38.21 and a beta of 1.41.

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

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.