Short Interest in Happy City Holdings Limited (NASDAQ:HCHL) Grows By 261.9%

Happy City Holdings Limited (NASDAQ:HCHL) saw a significant 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. Based on an average daily trading volume, of 1,502,972 shares, the days-to-cover ratio is presently 0.3 days. Currently, 2.6% of the shares of the stock are short sold.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Happy City in a research report on Friday, May 29th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Institutional Trading of Happy City

A hedge fund recently raised its stake in Happy City stock. Citadel Advisors LLC raised its holdings in Happy City Holdings Limited (NASDAQ:HCHL) by 34.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,688 shares of the company’s stock after purchasing an additional 4,838 shares during the period. Citadel Advisors LLC owned 0.10% of Happy City worth $63,000 at the end of the most recent reporting period.

Happy City Stock Down 1.5%

Shares of NASDAQ HCHL traded down $0.06 on Thursday, hitting $3.96. The company’s stock had a trading volume of 461,267 shares, compared to its average volume of 1,201,462. Happy City has a 12-month low of $0.80 and a 12-month high of $7.25. The stock has a 50 day moving average of $2.56 and a 200-day moving average of $2.54.

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”.