Short Interest in La Rosa Holdings Corp. (NASDAQ:LRHC) Decreases By 55.1%

La Rosa Holdings Corp. (NASDAQ:LRHC) saw a significant drop in short interest in the month of June. As of June 30th, there was short interest totaling 83,721 shares, a drop 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.

Institutional Investors Weigh In On La Rosa

A hedge fund recently bought a new position in La Rosa stock. Citadel Advisors LLC purchased a new stake in La Rosa Holdings Corp. (NASDAQ:LRHC) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 15,338 shares of the company’s stock, valued at approximately $108,000. Citadel Advisors LLC owned 1.25% of La Rosa as of its most recent SEC filing. Institutional investors and hedge funds own 7.63% of the company’s stock.

La Rosa Stock Performance

Shares of NASDAQ:LRHC traded down $0.01 during trading on Thursday, reaching $1.11. The stock had a trading volume of 59,621 shares, compared to its average volume of 509,421. The business has a fifty day moving average price of $1.20 and a 200-day moving average price of $14.82. The stock has a market cap of $1.79 million, a PE ratio of -0.00 and a beta of 1.35. La Rosa has a 1-year low of $0.93 and a 1-year high of $972.00.

La Rosa (NASDAQ:LRHC) last released its quarterly earnings data on Thursday, June 4th. The company reported ($266.88) EPS for the quarter. The business had revenue of $7.56 million for the quarter.

Analysts Set New Price Targets

Several equities analysts recently weighed in on LRHC shares. Weiss Ratings restated a “sell (e+)” rating on shares of La Rosa in a research note on Tuesday, April 21st. Wall Street Zen raised shares of La Rosa from a “strong sell” rating to a “sell” rating in a report on Saturday, June 6th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, La Rosa has a consensus rating of “Sell”.

La Rosa Company Profile

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.