La Rosa Holdings Corp. (NASDAQ:LRHC) Sees Large Decline in Short Interest

La Rosa Holdings Corp. (NASDAQ:LRHCGet Free Report) saw a significant decrease in short interest in the month of August. As of August 14th, there was short interest totaling 20,745 shares, a decrease of 41.4% from the July 30th total of 35,431 shares. Based on an average daily trading volume, of 3,213,264 shares, the days-to-cover ratio is presently 0.0 days. Currently, 1.3% of the company’s shares are short sold.

Institutional Investors Weigh In On La Rosa

A hedge fund recently bought a new position in La Rosa stock. Citadel Advisors LLC bought a new position in shares of La Rosa Holdings Corp. (NASDAQ:LRHCFree Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 15,338 shares of the company’s stock, valued at approximately $108,000. Citadel Advisors LLC owned 1.25% of La Rosa at the end of the most recent reporting period. Hedge funds and other institutional investors own 7.63% of the company’s stock.

La Rosa Price Performance

Shares of LRHC traded down $0.01 during trading hours on Wednesday, hitting $0.42. 127,932 shares of the stock were exchanged, compared to its average volume of 646,209. La Rosa has a fifty-two week low of $0.41 and a fifty-two week high of $972.00. The business has a 50-day moving average of $0.87 and a 200-day moving average of $3.43. The firm has a market capitalization of $1.40 million, a P/E ratio of -0.00 and a beta of 1.27.

La Rosa (NASDAQ:LRHCGet Free Report) last released its earnings results on Friday, August 21st. The company reported ($1.66) earnings per share (EPS) for the quarter. The firm had revenue of $15.05 million during the quarter. La Rosa had a negative net margin of 46.38% and a negative return on equity of 3,087.05%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on LRHC shares. Wall Street Zen upgraded shares of La Rosa from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 6th. Weiss Ratings downgraded shares of La Rosa from a “sell (d)” rating to a “sell (e+)” rating in a research note on Monday, August 24th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, La Rosa currently has an average rating of “Sell”.

View Our Latest Analysis on LRHC

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.

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