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

Happy City’s (NASDAQ:HCHL) lock-up period will 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. Shares of the company owned by major shareholders and company insiders will be eligible for trade following the end of the lock-up period.

Wall Street Analyst Weigh In

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

Happy City Trading Up 1.1%

Shares of NASDAQ:HCHL opened at $3.69 on Monday. The company has a 50 day moving average price of $3.45. Happy City has a 52 week low of $2.26 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 grew its holdings in Happy City Holdings Limited (NASDAQ:HCHL) by 34.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. 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 approximately 0.10% of Happy City worth $63,000 as of its most recent SEC filing.

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.