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

La Rosa Holdings Corp. (NASDAQ:LRHC) was the recipient of a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 84,426 shares, an increase of 307.0% from the August 15th total of 20,745 shares. Currently, 20.1% of the shares of the company are sold short. Based on an average trading volume of 499,463 shares, the short-interest ratio is presently 0.2 days.

Institutional Inflows and Outflows

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) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 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 reporting period. Institutional investors and hedge funds own 7.63% of the company’s stock.

La Rosa Stock Down 3.0%

LRHC opened at $2.58 on Friday. The company has a market cap of $1.42 million, a PE ratio of -0.00 and a beta of 1.26. The company has a 50-day moving average price of $4.62 and a 200 day moving average price of $16.85. La Rosa has a twelve month low of $2.43 and a twelve month high of $5,832.00.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on LRHC shares. Weiss Ratings downgraded La Rosa from a “sell (d)” rating to a “sell (e+)” rating in a 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 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.