La Rosa Holdings Corp. (NASDAQ:LRHC) Sees Large Growth in Short Interest

La Rosa Holdings Corp. (NASDAQ:LRHC) 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) 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”.

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.