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

Hour Loop, Inc. (NASDAQ:HOUR) was the recipient of a significant growth in short interest during the month of December. As of December 15th, there was short interest totalling 28,000 shares, a growth of 26.7% from the November 30th total of 22,100 shares. Approximately 1.6% of the company’s shares are short sold. Based on an average daily volume of 1,520,000 shares, the short-interest ratio is presently 0.0 days.

Hour Loop Stock Down 3.9 %

NASDAQ:HOUR opened at $2.71 on Tuesday. Hour Loop has a fifty-two week low of $0.83 and a fifty-two week high of $6.90. The firm’s 50 day moving average is $1.68 and its two-hundred day moving average is $1.36. The company has a market cap of $95.24 million, a P/E ratio of 54.21 and a beta of 1.30.

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.