Happy City Holdings Limited (NASDAQ:HCHL) Short Interest Up 211.8% in December

Happy City Holdings Limited (NASDAQ:HCHL) was the target of a large increase in short interest in the month of December. As of December 31st, there was short interest totaling 59,865 shares, an increase of 211.8% from the December 15th total of 19,197 shares. Currently, 0.3% of the company’s shares are sold short. Based on an average daily volume of 281,632 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily volume of 281,632 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.3% of the company’s shares are sold short.

Hedge Funds Weigh In On Happy City

An institutional investor recently raised its position in Happy City stock. Citadel Advisors LLC increased its stake in Happy City Holdings Limited (NASDAQ:HCHL) by 34.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor 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 at the end of the most recent reporting period.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e)” rating on shares of Happy City in a research report on Monday, December 29th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Happy City has an average rating of “Sell”.

Happy City Trading Down 0.2%

Shares of NASDAQ HCHL traded down $0.01 during midday trading on Tuesday, hitting $4.38. The company’s stock had a trading volume of 545,226 shares, compared to its average volume of 569,916. The business’s fifty day simple moving average is $3.65 and its two-hundred day simple moving average is $3.68. Happy City has a 1 year low of $2.26 and a 1 year high of $7.25.

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”.