Homestolife Ltd’s Lock-Up Period Will Expire on March 31st (NASDAQ:HTLM)

Homestolife’s (NASDAQ:HTLM) lock-up period will end on Monday, March 31st. Homestolife had issued 1,250,000 shares in its IPO on October 1st. The total size of the offering was $5,000,000 based on an initial share price of $4.00. Shares of the company owned by company insiders and major shareholders will be eligible for trade following the end of the lock-up period.

Homestolife Stock Performance

HTLM opened at $4.00 on Wednesday. Homestolife has a fifty-two week low of $2.57 and a fifty-two week high of $13.74. The stock’s 50 day simple moving average is $5.91.

Institutional Trading of Homestolife

A hedge fund recently bought a new stake in Homestolife stock. Citadel Advisors LLC acquired a new stake in Homestolife Ltd (NASDAQ:HTLM) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 39,518 shares of the company’s stock, valued at approximately $336,000. Citadel Advisors LLC owned 0.27% of Homestolife at the end of the most recent reporting period.

Homestolife Company Profile

HomesToLife Ltd. engages in the retail of home furniture and sale of customized furniture solutions. Its products include leather and fabric upholstered furniture, case goods, and accessories. The company was founded by Yong Pin Phua and Yong Tat Phua in September 1989 and is headquartered in Singapore.