Short Interest in La Rosa Holdings Corp. (NASDAQ:LRHC) Rises By 374.5%

La Rosa Holdings Corp. (NASDAQ:LRHC) saw a large growth in short interest during the month of June. As of June 15th, there was short interest totaling 186,542 shares, a growth of 374.5% from the May 31st total of 39,317 shares. Based on an average trading volume of 1,130,502 shares, the short-interest ratio is presently 0.2 days. Currently, 15.2% of the company’s stock are sold short.

Analyst Ratings Changes

A number of equities analysts have issued reports on LRHC shares. Wall Street Zen upgraded La Rosa from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 6th. Weiss Ratings reissued a “sell (e+)” rating on shares of La Rosa in a research note on Tuesday, April 21st. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.

Institutional Investors 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) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 15,338 shares of the company’s stock, valued at approximately $108,000. Citadel Advisors LLC owned approximately 1.25% of La Rosa as of its most recent SEC filing. Institutional investors own 7.63% of the company’s stock.

La Rosa Price Performance

LRHC opened at $1.07 on Monday. La Rosa has a 1 year low of $0.93 and a 1 year high of $1,865.60. The company has a debt-to-equity ratio of 1.63, a current ratio of 1.93 and a quick ratio of 1.93. The company has a market capitalization of $1.73 million, a price-to-earnings ratio of -0.00 and a beta of 1.42. The firm’s fifty day moving average price is $1.52 and its two-hundred day moving average price is $23.45.

La Rosa (NASDAQ:LRHC) last announced its earnings results on Thursday, June 4th. The company reported ($266.88) EPS for the quarter. The firm had revenue of $7.56 million for the quarter.

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.