Happy City Holdings Limited (NASDAQ:HCHL – Get Free Report) saw a large growth in short interest in May. As of May 29th, there was short interest totaling 497,436 shares, a growth of 261.9% from the May 14th total of 137,451 shares. Approximately 2.6% of the company’s stock are short sold. Based on an average trading volume of 1,502,972 shares, the days-to-cover ratio is currently 0.3 days.
Happy City Price Performance
Shares of NASDAQ:HCHL remained flat at $3.96 during midday trading on Friday. Happy City has a fifty-two week low of $0.80 and a fifty-two week high of $7.25. The stock has a 50 day moving average of $2.61 and a 200-day moving average of $2.55.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Happy City in a research note on Friday, May 29th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Sell”.
Hedge Funds Weigh In On Happy City
A hedge fund recently raised its stake in Happy City stock. Citadel Advisors LLC boosted its stake in shares of Happy City Holdings Limited (NASDAQ:HCHL – Free Report) by 34.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,688 shares of the company’s stock after purchasing an additional 4,838 shares during the quarter. Citadel Advisors LLC owned about 0.10% of Happy City worth $63,000 at the end of the most recent reporting period.
About Happy City
Headquartered in Hong Kong, we are a restaurant operator that operates three all-you-can-eat hotpot restaurant through our wholly-owned Operating Subsidiaries in Hong Kong. We have been in the restaurant services industry serving the Hong Kong market for over 5 years, which is a relatively short operating history compared to some of our established competitors. Our restaurants serves all-you-can-eat Thai and Japanese hotpot to our customers under the brand names “Thai Pot” and “Gyu! Gyu! Shabu Shabu”.
See Also
- Five stocks we like better than Happy City
- Time to Sell? 3 Winners With Fading Technical Momentum
- Why These 2 Hotel Stocks Are Beating Travel Peers
- This Energy Stock Has Quietly Soared 130% in a Year
- 3 ‘Boring’ Dividend Stocks With Tasty Technical Setups
Receive News & Ratings for Happy City Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Happy City and related companies with MarketBeat.com's FREE daily email newsletter.
