La Rosa Holdings Corp. (NASDAQ:LRHC – Get Free Report) was the recipient of a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 84,426 shares, a growth of 307.0% from the August 15th total of 20,745 shares. Based on an average trading volume of 499,463 shares, the days-to-cover ratio is presently 0.2 days. Currently, 20.1% of the company’s shares are sold short.
Institutional Inflows and Outflows
An institutional investor recently bought a new position in La Rosa stock. Citadel Advisors LLC purchased a new position in La Rosa Holdings Corp. (NASDAQ:LRHC – Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 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 SEC filing. 7.63% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Several analysts recently issued reports on the company. Weiss Ratings cut La Rosa from a “sell (d)” rating to a “sell (e+)” rating in a research note on Monday, August 24th. Wall Street Zen raised La Rosa from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 6th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, La Rosa has a consensus rating of “Sell”.
La Rosa Price Performance
Shares of LRHC opened at $2.58 on Monday. The company has a 50-day simple moving average of $4.62 and a two-hundred day simple moving average of $16.52. The firm has a market capitalization of $1.42 million, a PE ratio of -0.00 and a beta of 1.26. La Rosa has a one year low of $2.43 and a one year high of $5,832.00.
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.
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