Short Interest in La Rosa Holdings Corp. (NASDAQ:LRHC) Decreases By 52.5%

La Rosa Holdings Corp. (NASDAQ:LRHC) was the recipient of a significant drop in short interest in the month of February. As of February 13th, there was short interest totaling 32,887 shares, a drop of 52.5% from the January 29th total of 69,175 shares. Approximately 26.5% of the shares of the company are short sold. Based on an average daily volume of 558,511 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 558,511 shares, the days-to-cover ratio is currently 0.1 days. Approximately 26.5% of the shares of the company are short sold.

Institutional Trading of La Rosa

A hedge fund recently bought a new stake in La Rosa stock. Citadel Advisors LLC acquired a new stake in shares of La Rosa Holdings Corp. (NASDAQ:LRHC) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor acquired 15,338 shares of the company’s stock, valued at approximately $108,000. Citadel Advisors LLC owned about 1.25% of La Rosa at the end of the most recent quarter. Hedge funds and other institutional investors own 7.63% of the company’s stock.

Analysts Set New Price Targets

LRHC has been the subject of several analyst reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of La Rosa in a report on Thursday, January 22nd. Wall Street Zen lowered La Rosa to a “strong sell” rating in a research note on Saturday, February 7th. One analyst has rated the stock with a Sell rating, According to MarketBeat, La Rosa currently has an average rating of “Sell”.

La Rosa Price Performance

La Rosa stock traded down $0.03 during midday trading on Friday, hitting $1.04. 32,246 shares of the company’s stock were exchanged, compared to its average volume of 2,694,911. The company has a market cap of $165,600.00, a P/E ratio of 0.00 and a beta of 2.67. 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 50-day moving average price of $4.26 and a two-hundred day moving average price of $34.22. La Rosa has a 52-week low of $0.98 and a 52-week high of $186.56.

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.