La Rosa Holdings Corp. (NASDAQ:LRHC) Short Interest Down 32.7% in December

La Rosa Holdings Corp. (NASDAQ:LRHC) was the target of a significant decline in short interest in December. As of December 31st, there was short interest totaling 49,838 shares, a decline of 32.7% from the December 15th total of 74,055 shares. Currently, 4.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 119,479 shares, the days-to-cover ratio is currently 0.4 days. Based on an average daily trading volume, of 119,479 shares, the days-to-cover ratio is currently 0.4 days. Currently, 4.0% of the shares of the stock are sold short.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of La Rosa in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has an average rating of “Sell”.

Institutional Inflows and Outflows

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

La Rosa Price Performance

LRHC traded down $0.02 during trading on Friday, reaching $0.56. The stock had a trading volume of 458,155 shares, compared to its average volume of 4,633,269. The business has a 50-day moving average of $1.45 and a 200-day moving average of $4.77. La Rosa has a one year low of $0.53 and a one year high of $43.22. The company has a debt-to-equity ratio of 1.63, a quick ratio of 2.40 and a current ratio of 2.40. The stock has a market cap of $912,800.00, a PE ratio of 0.00 and a beta of 2.58.

La Rosa (NASDAQ:LRHC) last issued its quarterly earnings results on Wednesday, November 19th. The company reported ($5.44) earnings per share (EPS) for the quarter. The business had revenue of $20.22 million during the quarter.

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.