Short Interest in La Rosa Holdings Corp. (NASDAQ:LRHC) Decreases By 88.5%

La Rosa Holdings Corp. (NASDAQ:LRHC) saw a large drop in short interest in April. As of April 30th, there was short interest totaling 29,522 shares, a drop of 88.5% from the April 15th total of 257,762 shares. Approximately 246.0% of the company’s stock are short sold. Based on an average trading volume of 520,205 shares, the days-to-cover ratio is currently 0.1 days.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on LRHC. Wall Street Zen cut shares of La Rosa to a “strong sell” rating in a research note on Saturday, February 7th. Weiss Ratings reaffirmed 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 data from MarketBeat, La Rosa has an average rating of “Sell”.

Hedge Funds Weigh In On La Rosa

A hedge fund recently bought a new stake in La Rosa stock. Marex Group plc bought a new stake in La Rosa Holdings Corp. (NASDAQ:LRHC) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 358,600 shares of the company’s stock, valued at approximately $47,000. Marex Group plc owned approximately 49.12% of La Rosa at the end of the most recent quarter. Institutional investors own 7.63% of the company’s stock.

La Rosa Price Performance

Shares of NASDAQ:LRHC remained flat at $1.40 during midday trading on Thursday. 118,929 shares of the company traded hands, compared to its average volume of 507,687. La Rosa has a twelve month low of $1.25 and a twelve month high of $1,865.60. The company has a current ratio of 2.40, a quick ratio of 2.40 and a debt-to-equity ratio of 1.63. The business has a 50 day moving average of $5.09 and a 200-day moving average of $98.03. The firm has a market capitalization of $22,400.00, a P/E ratio of 0.00 and a beta of 1.55.

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.