La Rosa Holdings Corp. (NASDAQ:LRHC) Short Interest Update

La Rosa Holdings Corp. (NASDAQ:LRHC) was the recipient of a large drop in short interest during the month of August. As of August 14th, there was short interest totaling 20,745 shares, a drop of 41.4% from the July 30th total of 35,431 shares. Approximately 1.3% of the shares of the company are short sold. Based on an average daily volume of 3,213,264 shares, the days-to-cover ratio is currently 0.0 days.

La Rosa Stock Down 2.6%

Shares of La Rosa stock traded down $0.01 on Monday, reaching $0.46. 107,945 shares of the stock were exchanged, compared to its average volume of 651,366. The business has a 50 day moving average price of $0.90 and a two-hundred day moving average price of $3.62. The firm has a market capitalization of $1.52 million, a price-to-earnings ratio of -0.00 and a beta of 1.33. La Rosa has a twelve month low of $0.45 and a twelve month high of $972.00.

La Rosa (NASDAQ:LRHC) last issued its quarterly earnings results on Friday, August 21st. The company reported ($1.66) earnings per share for the quarter. La Rosa had a negative return on equity of 3,087.05% and a negative net margin of 46.38%.The business had revenue of $15.05 million during the quarter.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Weiss Ratings downgraded shares of La Rosa from a “sell (d)” rating to a “sell (e+)” rating in a research report on Monday, August 24th. 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. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has a consensus rating of “Sell”.

Institutional Trading of La Rosa

An institutional investor recently bought a new position in La Rosa stock. Marex Group plc bought a new position in shares of La Rosa Holdings Corp. (NASDAQ:LRHC) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 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 reporting period. 7.63% of the stock is currently owned by institutional investors.

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.