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

La Rosa Holdings Corp. (NASDAQ:LRHC) was the recipient of a significant decline in short interest in the month of June. As of June 30th, there was short interest totaling 83,721 shares, a decline of 55.1% from the June 15th total of 186,542 shares. Approximately 6.8% of the shares of the company are short sold. Based on an average daily trading volume, of 349,034 shares, the days-to-cover ratio is currently 0.2 days.

Analyst Ratings Changes

LRHC has been the topic of a number of research reports. Weiss Ratings restated a “sell (e+)” rating on shares of La Rosa in a research note on Tuesday, April 21st. 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. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, La Rosa currently has an average rating of “Sell”.

La Rosa Price Performance

Shares of La Rosa stock traded up $0.01 during trading hours on Tuesday, reaching $1.01. The company had a trading volume of 31,715 shares, compared to its average volume of 515,726. La Rosa has a one year low of $0.93 and a one year high of $972.00. The firm has a market cap of $1.64 million, a PE ratio of -0.00 and a beta of 1.35. The business has a fifty day simple moving average of $1.23 and a 200 day simple moving average of $15.75.

La Rosa (NASDAQ:LRHC) last announced its quarterly earnings results on Thursday, June 4th. The company reported ($266.88) earnings per share for the quarter. The firm had revenue of $7.56 million during the quarter.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in La Rosa stock. Marex Group plc acquired a new stake in shares of La Rosa Holdings Corp. (NASDAQ:LRHC) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 358,600 shares of the company’s stock, valued at approximately $47,000. Marex Group plc owned 49.12% of La Rosa as of its most recent filing with the Securities and Exchange Commission (SEC). 7.63% of the stock is currently owned by hedge funds and other institutional investors.

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.