La Rosa Holdings Corp. (NASDAQ:LRHC) Short Interest Down 42.7% in October

La Rosa Holdings Corp. (NASDAQ:LRHC) was the target of a large drop in short interest in the month of October. As of October 15th, there was short interest totaling 5,100 shares, a drop of 42.7% from the September 30th total of 8,900 shares. Currently, 1.1% of the company’s stock are sold short. Based on an average daily trading volume, of 123,500 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily trading volume, of 123,500 shares, the days-to-cover ratio is currently 0.0 days. Currently, 1.1% of the company’s stock are sold short.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Wall Street Zen raised shares of La Rosa from a “strong sell” rating to a “hold” rating in a research report on Friday, August 22nd. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of La Rosa in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, La Rosa presently has a consensus rating of “Sell”.

Hedge Funds Weigh In On La Rosa

An institutional investor recently bought a new position in La Rosa stock. Marex Group plc acquired a new stake in shares of La Rosa Holdings Corp. (NASDAQ:LRHC) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 358,600 shares of the company’s stock, valued at approximately $47,000. Marex Group plc owned approximately 49.12% of La Rosa as of its most recent filing with the Securities & Exchange Commission. 7.63% of the stock is currently owned by institutional investors and hedge funds.

La Rosa Trading Down 1.2%

La Rosa stock opened at $5.66 on Monday. The company has a debt-to-equity ratio of 1.14, a quick ratio of 2.44 and a current ratio of 2.44. The firm’s 50-day moving average is $6.73 and its 200-day moving average is $8.30. La Rosa has a 1 year low of $4.33 and a 1 year high of $95.20. The company has a market cap of $6.96 million, a P/E ratio of -0.01 and a beta of 1.79.

La Rosa (NASDAQ:LRHC) last announced its quarterly earnings results on Monday, August 18th. The company reported ($0.77) EPS for the quarter. The business had revenue of $23.21 million for the quarter.

About La Rosa

La Rosa Holdings Corp., through its subsidiaries, operates primarily in the residential real estate market in the United States. The company operates through five segments: Real Estate Brokerage Services (Residential), Franchising Services, Coaching Services, Property Management, and Real Estate Brokerage Services (Commercial).