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

La Rosa Holdings Corp. (NASDAQ:LRHC) was the recipient of a large drop in short interest during the month of June. As of June 30th, there was short interest totaling 83,721 shares, a drop of 55.1% from the June 15th total of 186,542 shares. Currently, 6.8% of the shares of the stock are sold short. Based on an average trading volume of 349,034 shares, the days-to-cover ratio is currently 0.2 days.

La Rosa Price Performance

LRHC stock traded up $0.01 during mid-day trading on Tuesday, hitting $1.01. 31,715 shares of the stock were exchanged, compared to its average volume of 515,726. The business has a fifty day moving average price of $1.23 and a 200 day moving average price of $15.75. La Rosa has a 12 month low of $0.93 and a 12 month high of $972.00. The stock has a market capitalization of $1.64 million, a price-to-earnings ratio of -0.00 and a beta of 1.35.

La Rosa (NASDAQ:LRHC) last announced its quarterly earnings data on Thursday, June 4th. The company reported ($266.88) earnings per share for the quarter. The firm had revenue of $7.56 million for the quarter.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in La Rosa stock. Marex Group plc bought a new stake in shares of La Rosa Holdings Corp. (NASDAQ:LRHC) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 358,600 shares of the company’s stock, valued at approximately $47,000. Marex Group plc owned approximately 49.12% 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

A number of equities research analysts recently weighed in on the stock. Wall Street Zen raised shares of La Rosa from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 6th. Weiss Ratings reissued a “sell (e+)” rating on shares of La Rosa in a report on Tuesday, April 21st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, La Rosa has a consensus 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.