La Rosa Holdings Corp. (NASDAQ:LRHC) Sees Significant Growth in Short Interest

La Rosa Holdings Corp. (NASDAQ:LRHCGet Free Report) was the recipient of a large growth in short interest in June. As of June 15th, there was short interest totaling 186,542 shares, a growth of 374.5% from the May 31st total of 39,317 shares. Currently, 15.2% of the shares of the stock are short sold. Based on an average daily volume of 1,130,502 shares, the short-interest ratio is currently 0.2 days.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on LRHC. Weiss Ratings reiterated a “sell (e+)” rating on shares of La Rosa in a research report on Tuesday, April 21st. Wall Street Zen upgraded La Rosa from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 6th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

View Our Latest Report on La Rosa

La Rosa Price Performance

LRHC traded up $0.02 on Friday, reaching $1.07. The company had a trading volume of 113,127 shares, compared to its average volume of 849,521. La Rosa has a 52-week low of $0.93 and a 52-week high of $1,865.60. The company has a market cap of $1.73 million, a price-to-earnings ratio of -0.00 and a beta of 1.42. The company has a debt-to-equity ratio of 1.63, a quick ratio of 1.93 and a current ratio of 1.93. The business has a 50 day simple moving average of $1.52 and a 200 day simple moving average of $23.45.

La Rosa (NASDAQ:LRHCGet Free Report) last released its quarterly earnings results on Thursday, June 4th. The company reported ($266.88) EPS for the quarter. The business had revenue of $7.56 million for the quarter.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in La Rosa stock. Citadel Advisors LLC purchased a new stake in shares of La Rosa Holdings Corp. (NASDAQ:LRHCFree Report) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 15,338 shares of the company’s stock, valued at approximately $108,000. Citadel Advisors LLC owned approximately 1.25% of La Rosa as of its most recent SEC filing. Hedge funds and other institutional investors own 7.63% of the company’s stock.

About La Rosa

(Get Free Report)

La Rosa Holdings, Inc (NASDAQ: LRHC) is a holding company that owns, operates and franchises LaRosa’s Pizzeria, a regional restaurant chain based in Cincinnati, Ohio. The company’s core business revolves around fast‐casual dining, with a focus on pizza and Italian‐inspired menu items served through dine-in, carry-out and delivery channels.

Founded in 1954 by Vincenzo “Buddy” LaRosa, LaRosa’s Pizzeria has grown from a single storefront into a network of over 30 locations across Ohio, Kentucky and Indiana.

Further Reading

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