Happy City Holdings Limited’s (NASDAQ:HCHL) Lock-Up Period Will 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 IPO on June 24th. The total size of the offering was $5,500,000 based on an initial share price of $5.00. After the end of Happy City’s lock-up period, major shareholders and company insiders will be able to sell their shares of the company.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e)” rating on shares of Happy City in a research report on Monday. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Happy City Price Performance

HCHL opened at $3.82 on Friday. The stock has a 50 day moving average price of $3.49. Happy City has a 1-year low of $2.26 and a 1-year high of $7.25.

Institutional Investors 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% during the 3rd 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 acquiring 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 & 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.