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

La Rosa Holdings Corp. (NASDAQ:LRHC) saw a large decline in short interest in July. As of July 15th, there was short interest totaling 20,870 shares, a decline of 75.1% from the June 30th total of 83,721 shares. Based on an average daily trading volume, of 147,958 shares, the days-to-cover ratio is currently 0.1 days. Currently, 1.7% of the shares of the stock are sold short.

La Rosa Price Performance

Shares of LRHC stock traded down $0.05 during mid-day trading on Friday, hitting $0.97. The company had a trading volume of 80,386 shares, compared to its average volume of 126,723. The stock’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 P/E ratio of -0.00 and a beta of 1.35.

La Rosa (NASDAQ:LRHC) last posted its earnings results on Thursday, June 4th. The company reported $544.00 earnings per share for the quarter. The company had revenue of $7.56 million for the quarter.

Institutional Investors Weigh In On La Rosa

An institutional investor recently bought a new position in La Rosa stock. Marex Group plc bought a new position in La Rosa Holdings Corp. (NASDAQ:LRHC) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 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 quarter. Institutional investors and hedge funds own 7.63% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Wall Street Zen raised La Rosa from a “strong sell” rating to a “sell” rating in a report on Saturday, June 6th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of La Rosa in a research note on Friday, July 17th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, La Rosa presently has a consensus rating of “Sell”.

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.