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

Hour Loop, Inc. (NASDAQ:HOUR) saw a large drop in short interest in the month of February. As of February 15th, there was short interest totalling 30,400 shares, a drop of 79.8% from the January 31st total of 150,200 shares. Approximately 1.8% of the shares of the stock are sold short. Based on an average trading volume of 1,770,000 shares, the short-interest ratio is currently 0.0 days.

Hour Loop Price Performance

HOUR remained flat at $1.83 during trading on Thursday. The company’s stock had a trading volume of 9,426 shares, compared to its average volume of 248,251. The firm has a market capitalization of $64.31 million, a P/E ratio of 36.61 and a beta of 1.06. Hour Loop has a one year low of $0.83 and a one year high of $6.90. The stock’s 50-day moving average price is $2.25 and its 200 day moving average price is $1.71.

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.