Short Interest in La Rosa Holdings Corp. (NASDAQ:LRHC) Rises By 329.2%

La Rosa Holdings Corp. (NASDAQ:LRHC) saw a large increase in short interest in the month of April. As of April 15th, there was short interest totaling 257,762 shares, an increase of 329.2% from the March 31st total of 60,055 shares. Based on an average daily volume of 11,293,218 shares, the days-to-cover ratio is currently 0.0 days. Currently, 2,148.0% of the shares of the stock are sold short.

Hedge Funds Weigh In On La Rosa

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

La Rosa Trading Up 5.8%

Shares of La Rosa stock traded up $0.12 on Friday, reaching $2.18. 377,631 shares of the company were exchanged, compared to its average volume of 815,961. The company has a current ratio of 2.40, a quick ratio of 2.40 and a debt-to-equity ratio of 1.63. La Rosa has a fifty-two week low of $1.82 and a fifty-two week high of $1,865.60. The firm has a market capitalization of $34,880.00, a price-to-earnings ratio of 0.00 and a beta of 3.28. The stock has a fifty day moving average price of $7.27 and a 200-day moving average price of $151.19.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Wall Street Zen lowered La Rosa to a “strong sell” rating in a report on Saturday, February 7th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of La Rosa in a research note on Tuesday. One research analyst has rated the stock with a Sell rating, According to MarketBeat, La Rosa currently has a consensus 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.