Hour Loop, Inc. shares surge 10.59% intraday as social media hype drives meme stock status and retail frenzy.

Hour Loop, Inc. surged 10.59% intraday, driven by social media hype making it a meme stock competitor, causing abnormal trading volume and retail enthusiasm. Additionally, short interest increased by 44.8% to 47,800 shares, potentially leading to price volatility. The company is a tech-driven online retailer using machine learning to sell home decor, toys, and other products.