La Rosa Holdings Corp. (NASDAQ:LRHC) Short Interest Down 75.1% in July

La Rosa Holdings Corp. (NASDAQ:LRHC) was the target of a significant drop in short interest in July. As of July 15th, there was short interest totaling 20,870 shares, a drop of 75.1% from the June 30th total of 83,721 shares. Based on an average daily trading volume, of 147,958 shares, the days-to-cover ratio is presently 0.1 days. Currently, 1.7% of the company’s stock are sold short.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on LRHC. Wall Street Zen upgraded shares of La Rosa from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 6th. Weiss Ratings reiterated a “sell (e+)” rating on shares of La Rosa in a research note on Friday, July 17th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has an average rating of “Sell”.

Institutional Trading of La Rosa

A hedge fund recently bought a new stake in La Rosa stock. Marex Group plc purchased a new position in La Rosa Holdings Corp. (NASDAQ:LRHC) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 358,600 shares of the company’s stock, valued at approximately $47,000. Marex Group plc owned about 49.12% of La Rosa at the end of the most recent quarter. 7.63% of the stock is currently owned by hedge funds and other institutional investors.

La Rosa Stock Performance

Shares of NASDAQ LRHC traded up $0.08 during midday trading on Monday, hitting $1.05. The company’s stock had a trading volume of 70,984 shares, compared to its average volume of 125,039. La Rosa has a 1-year low of $0.87 and a 1-year high of $972.00. The firm’s fifty day moving average price is $1.13 and its 200-day moving average price is $11.03. The firm has a market cap of $1.70 million, a P/E ratio of -0.00 and a beta of 1.35.

La Rosa (NASDAQ:LRHC) last released its quarterly earnings data on Thursday, June 4th. The company reported $544.00 earnings per share for the quarter. The business had revenue of $7.56 million for 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.