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

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

Hedge Funds Weigh In On La Rosa

A hedge fund recently bought a new stake in La Rosa stock. Marex Group plc acquired a new stake in La Rosa Holdings Corp. (NASDAQ:LRHC) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 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 owned by hedge funds and other institutional investors.

La Rosa Price Performance

La Rosa stock traded down $0.04 during trading hours on Tuesday, hitting $0.43. 222,215 shares of the stock traded hands, compared to its average volume of 649,315. The firm’s 50 day moving average price is $0.88 and its 200-day moving average price is $3.52. The stock has a market capitalization of $1.43 million, a price-to-earnings ratio of -0.00 and a beta of 1.33. La Rosa has a 1 year low of $0.43 and a 1 year high of $972.00.

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

Analysts Set New Price Targets

A number of research firms recently commented 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 cut shares of La Rosa from a “sell (d)” rating to a “sell (e+)” rating in a report on Monday, August 24th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.

About La Rosa

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.