Happy City Holdings Limited’s (NASDAQ:HCHL) Lock-Up Period Set To Expire Tomorrow

Happy City’s (NASDAQ:HCHL) lock-up period is set to expire on Monday, December 22nd. Happy City had issued 1,100,000 shares in its initial public offering on June 24th. The total size of the offering was $5,500,000 based on an initial share price of $5.00. After the expiration of the company’s lock-up period, major shareholders and company insiders will be able to sell their shares of the company.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (e)” rating on shares of Happy City in a research report on Monday, December 15th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Happy City Trading Down 1.8%

Shares of NASDAQ HCHL opened at $3.75 on Friday. The business has a 50 day simple moving average of $3.50. Happy City has a twelve month low of $2.26 and a twelve month high of $7.25.

Hedge Funds Weigh In On Happy City

A hedge fund recently raised its stake in Happy City stock. Citadel Advisors LLC boosted its holdings in Happy City Holdings Limited (NASDAQ:HCHL) by 34.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,688 shares of the company’s stock after purchasing an additional 4,838 shares during the period. Citadel Advisors LLC owned approximately 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”.