Hour Loop, Inc. (NASDAQ:HOUR – Get Free Report) saw a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 42,544 shares, an increase of 247.1% from the September 15th total of 12,256 shares. Approximately 2.4% of the shares of the company are short sold. Based on an average daily trading volume, of 29,364 shares, the short-interest ratio is currently 1.4 days.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings raised shares of Hour Loop from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday. One analyst has rated the stock with a Hold rating. According to MarketBeat, the company currently has a consensus rating of “Hold”.
Check Out Our Latest Report on Hour Loop
Hour Loop Trading Up 0.1%
Hour Loop (NASDAQ:HOUR – Get Free Report) last posted its quarterly earnings results on Tuesday, August 11th. The company reported $0.03 EPS for the quarter, meeting the consensus estimate of $0.03. Hour Loop had a return on equity of 22.31% and a net margin of 1.14%. The firm had revenue of $33.94 million during the quarter, compared to analysts’ expectations of $29.66 million.
About Hour Loop
Hour Loop, Inc is an e-commerce company that sells consumer products through online marketplaces. The company offers products across categories that include home and kitchen, toys and games, arts and crafts, beauty and personal care, apparel, and related merchandise.
Hour Loop markets and distributes its products through platforms such as Amazon, Walmart, and Etsy. Its business model focuses on identifying consumer products, developing or sourcing merchandise, and managing online listings, fulfillment, and sales across multiple digital retail channels.
The company was founded in 2015 and is headquartered in Redmond, Washington.
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