Short Interest in La Rosa Holdings Corp. (NASDAQ:LRHC) Grows By 116.7%

La Rosa Holdings Corp. (NASDAQ:LRHC) saw a large increase in short interest in March. As of March 13th, there was short interest totaling 173,568 shares, an increase of 116.7% from the February 26th total of 80,096 shares. Based on an average daily volume of 6,638,350 shares, the short-interest ratio is presently 0.0 days. Currently, 140.0% of the company’s stock are short sold.

Hedge Funds Weigh In On La Rosa

A hedge fund recently bought a new stake in La Rosa stock. Citadel Advisors LLC bought a new position in shares of La Rosa Holdings Corp. (NASDAQ:LRHC) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 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. Hedge funds and other institutional investors own 7.63% of the company’s stock.

La Rosa Stock Performance

LRHC opened at $0.54 on Friday. The company has a quick ratio of 2.40, a current ratio of 2.40 and a debt-to-equity ratio of 1.63. La Rosa has a 12-month low of $0.53 and a 12-month high of $186.56. The business has a 50 day moving average of $1.69 and a 200-day moving average of $25.82. The stock has a market cap of $85,760.00, a price-to-earnings ratio of 0.00 and a beta of 3.09.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Wall Street Zen cut shares of La Rosa to a “strong sell” rating in a research note on Saturday, February 7th. Weiss Ratings reiterated a “sell (e+)” rating on shares of La Rosa in a research note on Thursday, January 22nd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has an average 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.