La Rosa Holdings Corp. (NASDAQ:LRHC – Get Free Report) was the recipient of a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 84,426 shares, a growth of 307.0% from the August 15th total of 20,745 shares. Approximately 20.1% of the company’s shares are sold short. Based on an average daily volume of 499,463 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 – Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 15,338 shares of the company’s stock, valued at approximately $108,000. Citadel Advisors LLC owned approximately 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 Stock Performance
Shares of La Rosa stock opened at $2.58 on Friday. La Rosa has a one year low of $2.43 and a one year high of $5,832.00. The firm has a fifty day moving average of $4.62 and a two-hundred day moving average of $16.85. The company has a market cap of $1.42 million, a P/E ratio of -0.00 and a beta of 1.26.
Analyst Ratings Changes
Several brokerages have recently commented on LRHC. Wall Street Zen upgraded shares of La Rosa from a “strong sell” rating to a “sell” rating in a report on Saturday, June 6th. Weiss Ratings cut shares of La Rosa from a “sell (d)” rating to a “sell (e+)” rating in a report on Monday, August 24th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has an average rating of “Sell”.
Check Out Our Latest Analysis 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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