Happy City Holdings Limited (NASDAQ:HCHL – Get Free Report) saw a large growth in short interest in the month of 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. Currently, 2.6% of the shares of the company are short sold. Based on an average daily volume of 1,502,972 shares, the short-interest ratio is presently 0.3 days.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Happy City in a research report on Friday, May 29th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has an average rating of “Sell”.
Read Our Latest Stock Analysis on Happy City
Happy City Price Performance
Institutional Investors Weigh In On Happy City
A hedge fund recently raised its stake in Happy City stock. Citadel Advisors LLC increased its holdings in shares of Happy City Holdings Limited (NASDAQ:HCHL – Free Report) by 34.9% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 18,688 shares of the company’s stock after acquiring an additional 4,838 shares during the period. Citadel Advisors LLC owned approximately 0.10% of Happy City worth $63,000 as of its most recent SEC filing.
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”.
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