Short Interest in La Rosa Holdings Corp. (NASDAQ:LRHC) Decreases By 65.4%

La Rosa Holdings Corp. (NASDAQ:LRHC) was the target of a significant decrease in short interest in the month of March. As of March 31st, there was short interest totaling 60,055 shares, a decrease of 65.4% from the March 15th total of 173,568 shares. Based on an average daily trading volume, of 385,975 shares, the short-interest ratio is presently 0.2 days. Currently, 48.4% of the shares of the company are sold short.

La Rosa Stock Performance

NASDAQ:LRHC traded up $0.02 during mid-day trading on Tuesday, reaching $0.44. The stock had a trading volume of 402,047 shares, compared to its average volume of 2,912,615. 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 firm has a market capitalization of $72,372.00, a price-to-earnings ratio of 0.00 and a beta of 3.28. La Rosa has a twelve month low of $0.39 and a twelve month high of $186.56. The business has a 50 day simple moving average of $0.95 and a 200 day simple moving average of $19.21.

Institutional Investors Weigh In On La Rosa

An institutional investor recently bought a new position in La Rosa stock. Citadel Advisors LLC acquired a new stake in La Rosa Holdings Corp. (NASDAQ:LRHC) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 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. 7.63% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Wall Street Zen downgraded shares of La Rosa to a “strong sell” rating in a research note on Saturday, February 7th. Weiss Ratings restated a “sell (e+)” rating on shares of La Rosa in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has an average 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.