La Rosa Holdings Corp. (NASDAQ:LRHC) Short Interest Update

La Rosa Holdings Corp. (NASDAQ:LRHCGet Free Report) was the target of a significant drop in short interest during the month of July. As of July 15th, there was short interest totaling 20,870 shares, a drop of 75.1% from the June 30th total of 83,721 shares. Approximately 1.7% of the shares of the company are sold short. Based on an average daily volume of 147,958 shares, the short-interest ratio is currently 0.1 days.

La Rosa Trading Down 4.5%

NASDAQ LRHC traded down $0.05 on Friday, hitting $0.97. 80,386 shares of the company traded hands, compared to its average volume of 126,723. The business’s 50 day moving average price is $1.13 and its 200-day moving average price is $11.96. La Rosa has a 52-week low of $0.87 and a 52-week high of $972.00. The company has a market capitalization of $1.58 million, a price-to-earnings ratio of -0.00 and a beta of 1.35.

La Rosa (NASDAQ:LRHCGet Free Report) last posted its quarterly earnings data on Thursday, June 4th. The company reported $544.00 EPS for the quarter. The company had revenue of $7.56 million during the quarter.

Hedge Funds Weigh In On La Rosa

An institutional investor recently bought a new position in La Rosa stock. Marex Group plc acquired a new position in La Rosa Holdings Corp. (NASDAQ:LRHCFree Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 358,600 shares of the company’s stock, valued at approximately $47,000. Marex Group plc owned approximately 49.12% of La Rosa at the end of the most recent reporting period. Institutional investors and hedge funds own 7.63% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Wall Street Zen upgraded shares of La Rosa from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 6th. Weiss Ratings restated a “sell (e+)” rating on shares of La Rosa in a research report on Friday, July 17th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has an average rating of “Sell”.

Check Out Our Latest Report on La Rosa

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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