Happy City Holdings Limited (NASDAQ:HCHL) Short Interest Down 22.3% in March

Happy City Holdings Limited (NASDAQ:HCHL) was the target of a significant drop in short interest in the month of March. As of March 13th, there was short interest totaling 179,170 shares, a drop of 22.3% from the February 26th total of 230,612 shares. Based on an average trading volume of 148,618 shares, the days-to-cover ratio is presently 1.2 days. Currently, 0.9% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

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

Happy City Stock Performance

Shares of NASDAQ:HCHL opened at $1.49 on Friday. The company has a fifty day moving average of $1.50 and a 200-day moving average of $2.84. Happy City has a 52-week low of $0.80 and a 52-week high of $7.25.

Hedge Funds Weigh In On Happy City

An institutional investor recently raised its position in Happy City stock. Citadel Advisors LLC lifted its position in shares of 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 fund owned 18,688 shares of the company’s stock after purchasing 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 Securities and Exchange Commission.

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. 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”.