Short Interest in Inspire Veterinary Partners, Inc. (NASDAQ:IVP) Expands By 204.6%

Inspire Veterinary Partners, Inc. (NASDAQ:IVP) saw a large increase in short interest during the month of December. As of December 31st, there was short interest totaling 1,500,598 shares, an increase of 204.6% from the December 15th total of 492,682 shares. Approximately 3.9% of the shares of the stock are sold short. Based on an average trading volume of 79,392,735 shares, the short-interest ratio is presently 0.0 days. Based on an average trading volume of 79,392,735 shares, the short-interest ratio is presently 0.0 days. Approximately 3.9% of the shares of the stock are sold short.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Inspire Veterinary Partners in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Inspire Veterinary Partners has a consensus rating of “Sell”.

Inspire Veterinary Partners Price Performance

IVP traded down $0.03 during trading hours on Thursday, hitting $0.05. The company’s stock had a trading volume of 73,533,095 shares, compared to its average volume of 257,490,625. The stock has a market cap of $2.13 million, a price-to-earnings ratio of -0.02 and a beta of -0.49. The business’s 50-day moving average price is $0.18 and its 200-day moving average price is $0.67. The company has a current ratio of 0.39, a quick ratio of 0.34 and a debt-to-equity ratio of 1.98. Inspire Veterinary Partners has a 12 month low of $0.02 and a 12 month high of $4.12.

Inspire Veterinary Partners (NASDAQ:IVP) last released its quarterly earnings data on Wednesday, November 12th. The company reported ($0.41) EPS for the quarter. Inspire Veterinary Partners had a negative net margin of 76.75% and a negative return on equity of 520.34%. The business had revenue of $4.32 million for the quarter.

Inspire Veterinary Partners Company Profile

Inspire Veterinary Partners is a veterinary services company that acquires and operates a network of affiliated veterinary hospitals across the United States. The company offers a comprehensive range of small animal care services including routine wellness exams, preventive care, surgical procedures, dental care, diagnostic imaging and laboratory testing. By partnering with local practice owners, Inspire Veterinary Partners seeks to maintain the clinical autonomy and culture of each hospital while providing centralized support in areas such as human resources, purchasing, marketing and technology.

Founded in 2021 and headquartered in Bethesda, Maryland, Inspire Veterinary Partners entered the public markets through a business combination in mid-2023.