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

Hour Loop, Inc. (NASDAQ:HOUR) saw a significant decrease in short interest in August. As of August 31st, there was short interest totalling 8,000 shares, a decrease of 44.1% from the August 15th total of 14,300 shares. Based on an average daily trading volume, of 13,900 shares, the short-interest ratio is presently 0.6 days. Approximately 0.5% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Grey Fox Wealth Advisors LLC acquired a new position in Hour Loop during the 4th quarter worth about $34,000. Bard Associates Inc. increased its holdings in Hour Loop by 80.4% in the fourth quarter. Bard Associates Inc. now owns 256,748 shares of the company’s stock worth $670,000 after purchasing an additional 114,450 shares in the last quarter. Jane Street Group LLC bought a new stake in shares of Hour Loop in the 3rd quarter valued at $44,000. Finally, UBS Group AG increased its stake in Hour Loop by 271.8% in the second quarter. UBS Group AG now owns 13,699 shares of the company’s stock valued at $35,000 after purchasing an additional 10,014 shares in the last quarter. Institutional investors and hedge funds own 0.31% of the company’s stock.

Hour Loop Stock Down 2.5 %

NASDAQ HOUR opened at $1.55 on Friday. Hour Loop has a twelve month low of $1.41 and a twelve month high of $4.89. The business’s fifty day moving average is $1.63 and its 200 day moving average is $1.80. The company has a market cap of $54.36 million, a price-to-earnings ratio of -22.14 and a beta of 1.44.

About Hour Loop

Hour Loop, Inc, an online retailer, engages in e-commerce retailing in the United States. The company sells home/garden décor, toys, kitchenware, apparel, and electronics products. It sells its products through hourloop.com and third-party marketplaces. Hour Loop, Inc was founded in 2013 and is headquartered in Redmond, Washington.