Short Interest in Hour Loop, Inc. (NASDAQ:HOUR) Increases By 108.3%

Hour Loop, Inc. (NASDAQ:HOUR - Get Free Report) was the target of a large increase in short interest during the month of January. As of January 31st, there was short interest totalling 150,200 shares, an increase of 108.3% from the January 15th total of 72,100 shares. Based on an average daily volume of 1,770,000 shares, the short-interest ratio is presently 0.1 days. Currently, 8.7% of the company's shares are short sold.

Hour Loop Stock Down 2.4 %

HOUR traded down $0.05 during midday trading on Monday, hitting $2.02. 37,487 shares of the company were exchanged, compared to its average volume of 397,766. The firm's 50 day moving average price is $2.18 and its 200-day moving average price is $1.66. Hour Loop has a 1-year low of $0.83 and a 1-year high of $6.90. The firm has a market capitalization of $70.99 million, a P/E ratio of 40.41 and a beta of 1.06.

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.