Inspire Veterinary Partners, Inc. (NASDAQ:IVP) Short Interest Up 149.5% in March

Inspire Veterinary Partners, Inc. (NASDAQ:IVP) saw a large increase in short interest during the month of March. As of March 31st, there was short interest totalling 106,300 shares, an increase of 149.5% from the March 15th total of 42,600 shares. Based on an average daily trading volume, of 104,200 shares, the short-interest ratio is currently 1.0 days. Currently, 7.2% of the company’s stock are short sold.

Institutional Trading of Inspire Veterinary Partners

A hedge fund recently raised its stake in Inspire Veterinary Partners stock. Avantax Planning Partners Inc. lifted its position in shares of Inspire Veterinary Partners, Inc. (NASDAQ:IVP) by 186.0% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 246,000 shares of the company’s stock after buying an additional 160,000 shares during the quarter. Avantax Planning Partners Inc. owned about 18.92% of Inspire Veterinary Partners worth $47,000 as of its most recent SEC filing. Institutional investors own 4.76% of the company’s stock.

Inspire Veterinary Partners Stock Down 4.1 %

Shares of NASDAQ:IVP traded down $0.06 during midday trading on Tuesday, hitting $1.40. The stock had a trading volume of 49,767 shares, compared to its average volume of 191,563. The company has a quick ratio of 0.55, a current ratio of 0.63 and a debt-to-equity ratio of 3.60. The business’s 50-day simple moving average is $1.87 and its 200-day simple moving average is $4.14. Inspire Veterinary Partners has a 12 month low of $1.34 and a 12 month high of $401.50. The company has a market cap of $2.97 million, a P/E ratio of 0.00 and a beta of -1.86.

Inspire Veterinary Partners (NASDAQ:IVP) last issued its earnings results on Monday, March 31st. The company reported ($0.86) earnings per share (EPS) for the quarter. The firm had revenue of $3.32 million for the quarter.

Inspire Veterinary Partners Company Profile

Inspire Veterinary Partners, Inc owns and operates veterinary hospitals in the United States. The company specializes in small animal general practice hospitals, which serve companion pets, canine, and feline breeds, including equine care. Its hospitals provide preventive care for companion animals consisting of annual health exams and parasite control; dental health; nutrition and body condition counseling; neurological examinations; radiology; bloodwork; and skin and coat health, and other breed specific preventive care services.