La Rosa Holdings Corp. (NASDAQ:LRHC) Short Interest Down 88.5% in April

La Rosa Holdings Corp. (NASDAQ:LRHC) was the recipient of a significant drop in short interest in the month of 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. Based on an average daily volume of 520,205 shares, the days-to-cover ratio is currently 0.1 days. Approximately 246.0% of the shares of the company are short sold.

Hedge Funds Weigh In On La Rosa

An institutional investor recently bought a new position in La Rosa stock. Citadel Advisors LLC purchased a new stake in La Rosa Holdings Corp. (NASDAQ:LRHC) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 15,338 shares of the company’s stock, valued at approximately $108,000. Citadel Advisors LLC owned approximately 1.25% of La Rosa at the end of the most recent reporting period. Institutional investors and hedge funds own 7.63% of the company’s stock.

Wall Street Analyst Weigh In

LRHC has been the topic of several recent research reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of La Rosa in a report on Tuesday, April 21st. Wall Street Zen cut La Rosa to a “strong sell” rating in a report on Saturday, February 7th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has an average rating of “Sell”.

La Rosa Price Performance

La Rosa stock remained flat at $1.40 during mid-day trading on Thursday. 118,929 shares of the company’s stock were exchanged, compared to its average volume of 507,687. The business’s 50-day simple moving average is $5.09 and its 200-day simple moving average is $98.03. La Rosa has a 12 month low of $1.25 and a 12 month high of $1,865.60. The company has a debt-to-equity ratio of 1.63, a current ratio of 2.40 and a quick ratio of 2.40. The company has a market cap 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.