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

Happy City Holdings Limited (NASDAQ:HCHL) was the recipient of a large decline in short interest during the month of March. As of March 13th, there was short interest totaling 179,170 shares, a decline 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 company’s shares are short sold.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (e)” rating on shares of Happy City in a report on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has a consensus rating of “Sell”.

Institutional Investors Weigh In On Happy City

A hedge fund recently bought a new stake in Happy City stock. Quadrature Capital Ltd bought a new position in shares of Happy City Holdings Limited (NASDAQ:HCHL) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 106,115 shares of the company’s stock, valued at approximately $415,000. Quadrature Capital Ltd owned 0.55% of Happy City at the end of the most recent reporting period.

Happy City Price Performance

Shares of HCHL opened at $1.49 on Friday. The firm’s fifty day simple moving average is $1.50 and its two-hundred day simple moving average is $2.84. Happy City has a 12 month low of $0.80 and a 12 month high of $7.25.

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”.