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

Hour Loop, Inc. (NASDAQ:HOUR) was the target of a significant growth in short interest in December. As of December 31st, there was short interest totalling 130,900 shares, a growth of 367.5% from the December 15th total of 28,000 shares. Approximately 7.6% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,650,000 shares, the days-to-cover ratio is presently 0.1 days.

Hour Loop Trading Up 8.1 %

HOUR stock traded up $0.17 during mid-day trading on Tuesday, hitting $2.27. The stock had a trading volume of 115,219 shares, compared to its average volume of 149,601. The firm has a market capitalization of $79.77 million, a P/E ratio of 45.41 and a beta of 1.08. The firm has a fifty day simple moving average of $1.85 and a 200 day simple moving average of $1.45. Hour Loop has a 52 week low of $0.83 and a 52 week high of $6.90.

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.