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