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

La Rosa Holdings Corp. (NASDAQ:LRHC) saw a large increase in short interest in 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. Approximately 20.1% of the shares of the company are short sold. Based on an average trading volume of 499,463 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Trading of La Rosa

A hedge fund recently bought a new stake in La Rosa stock. Marex Group plc acquired a new position in shares of La Rosa Holdings Corp. (NASDAQ:LRHC) in the second quarter, according to its most recent 13F filing with the SEC. 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. Institutional investors and hedge funds own 7.63% of the company’s stock.

La Rosa Trading Down 3.0%

NASDAQ LRHC traded down $0.08 during trading hours on Friday, reaching $2.58. The company’s stock had a trading volume of 14,769 shares, compared to its average volume of 78,128. The business has a 50-day simple moving average of $4.62 and a 200 day simple moving average of $16.85. La Rosa has a 52 week low of $2.43 and a 52 week high of $5,832.00. The stock has a market cap of $1.42 million, a PE ratio of -0.00 and a beta of 1.26.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on LRHC. Wall Street Zen raised La Rosa from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 6th. Weiss Ratings lowered shares of La Rosa from a “sell (d)” rating to a “sell (e+)” rating in a research note on Monday, August 24th. One analyst has rated the stock with a Sell rating, According to MarketBeat, La Rosa 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.