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

La Rosa Holdings Corp. (NASDAQ:LRHC) was the target of a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 35,431 shares, a growth of 69.8% from the July 15th total of 20,870 shares. Approximately 2.2% of the company’s shares are short sold. Based on an average trading volume of 81,142 shares, the days-to-cover ratio is presently 0.4 days.

Analysts Set New Price Targets

Several research firms have recently weighed in on LRHC. Weiss Ratings raised La Rosa from a “sell (e+)” rating to a “sell (d)” rating in a research report on Monday, August 3rd. Wall Street Zen raised La Rosa from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 6th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has an average rating of “Sell”.

La Rosa Trading Up 1.2%

NASDAQ LRHC traded up $0.01 on Monday, hitting $0.60. 156,008 shares of the company were exchanged, compared to its average volume of 659,263. The company has a market cap of $1.27 million, a PE ratio of -0.00 and a beta of 1.33. La Rosa has a 12 month low of $0.55 and a 12 month high of $972.00. The stock has a fifty day moving average of $1.00 and a 200-day moving average of $5.22.

La Rosa (NASDAQ:LRHC) last posted its quarterly earnings results on Friday, July 31st. The company reported ($72.03) earnings per share for the quarter. La Rosa had a net margin of 76.54% and a negative return on equity of 3,087.05%. The company had revenue of $13.58 million during the quarter.

Institutional Trading of La Rosa

An institutional investor recently bought a new position in La Rosa stock. Citadel Advisors LLC purchased a new position in shares of La Rosa Holdings Corp. (NASDAQ:LRHC) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 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 filing with the SEC. 7.63% of the stock is owned by hedge funds and other institutional investors.

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.