Happy City Holdings Limited’s (NASDAQ:HCHL) Lock-Up Period Set To Expire on December 22nd

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 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 Happy City’s lock-up period, restrictions preventing major shareholders and company insiders from selling shares in the company will be lifted.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (e)” rating on shares of Happy City in a research report on Monday, December 8th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has a consensus rating of “Sell”.

Happy City Trading Up 1.1%

Shares of HCHL stock opened at $3.69 on Monday. Happy City has a 52 week low of $2.26 and a 52 week high of $7.25. The company has a fifty day simple moving average of $3.45.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Happy City stock. Citadel Advisors LLC increased its holdings in Happy City Holdings Limited (NASDAQ:HCHL) by 34.9% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 18,688 shares of the company’s stock after buying an additional 4,838 shares during the period. Citadel Advisors LLC owned about 0.10% of Happy City worth $63,000 as of its most recent filing with the SEC.

Happy City Company Profile

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.