Short Interest in Happy City Holdings Limited (NASDAQ:HCHL) Expands By 402.8%

Key Points

• Short interest in Happy City Holdings Limited (NASDAQ:HCHL) increased by 402.8% in September, rising from 3,600 shares to 18,100 shares.
• The company's stock fell 3.0%, trading at $3.25 with an average trading volume of 195,619 shares.
• Wall Street analysts have upgraded Happy City to a "hold" rating, indicating a cautious perspective on the stock's future performance.

Happy City Holdings Limited (NASDAQ:HCHL - Get Free Report) saw a large increase in short interest in September. As of September 15th, there was short interest totaling 18,100 shares, an increase of 402.8% from the August 31st total of 3,600 shares. Based on an average daily volume of 245,800 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 245,800 shares, the days-to-cover ratio is currently 0.1 days.

Happy City Stock Down 3.0%

Shares of HCHL stock traded down $0.10 on Wednesday, hitting $3.25. 119,233 shares of the company's stock were exchanged, compared to its average volume of 195,619. Happy City has a 12 month low of $2.26 and a 12 month high of $7.25. The stock's 50 day moving average is $3.38.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised Happy City to a "hold" rating in a report on Sunday, June 29th.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.