La Rosa Holdings Corp. (NASDAQ:LRHC – Get 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:LRHC – Get 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
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
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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