La Rosa Holdings Corp. (NASDAQ:LRHC – Get Free Report) was the recipient of a significant decline in short interest in September. As of September 15th, there was short interest totaling 12,391 shares, a decline of 85.3% from the August 31st total of 84,426 shares. Based on an average daily volume of 71,373 shares, the short-interest ratio is currently 0.2 days. Approximately 2.9% of the company’s stock are short sold.
La Rosa Stock Down 1.1%
Shares of LRHC traded down $0.03 during midday trading on Friday, reaching $2.60. 19,959 shares of the stock were exchanged, compared to its average volume of 184,522. La Rosa has a 12-month low of $2.31 and a 12-month high of $4,589.46. The firm has a 50 day simple moving average of $3.83 and a 200-day simple moving average of $12.71. The company has a market cap of $1.44 million, a price-to-earnings ratio of -0.00 and a beta of 1.26.
Analysts Set New Price Targets
LRHC has been the subject of a number of research analyst reports. Wall Street Zen upgraded shares of La Rosa from a “strong sell” rating to a “sell” rating in a research report 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 research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, La Rosa presently has a consensus rating of “Sell”.
About La Rosa
La Rosa Holdings Corp. is a real estate services and franchising company that operates through the La Rosa Realty brand. The company focuses primarily on residential real estate brokerage, supporting agents and brokerage offices that assist clients with buying, selling, and leasing residential properties.
In addition to providing brokerage services through company-owned operations, La Rosa offers franchise opportunities to independent real estate professionals and business owners. Its support services are designed to help franchisees with brand development, training, marketing, technology, and other administrative aspects of operating a real estate brokerage.
La Rosa Realty was founded in 2004 and serves markets in the United States through its network of real estate professionals and franchise locations.
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