Short Interest in Inspire Veterinary Partners, Inc. (NASDAQ:IVP) Declines By 37.7%

Inspire Veterinary Partners, Inc. (NASDAQ:IVP) was the recipient of a large decline in short interest in the month of December. As of December 15th, there was short interest totaling 492,682 shares, a decline of 37.7% from the November 30th total of 790,305 shares. Based on an average trading volume of 35,718,695 shares, the short-interest ratio is presently 0.0 days. Currently, 12.4% of the company’s shares are sold short. Currently, 12.4% of the company’s shares are sold short. Based on an average trading volume of 35,718,695 shares, the short-interest ratio is presently 0.0 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Inspire Veterinary Partners in a research note on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Inspire Veterinary Partners has an average rating of “Sell”.

Inspire Veterinary Partners Stock Up 18.5%

NASDAQ IVP traded up $0.01 during trading hours on Tuesday, reaching $0.05. 63,700,793 shares of the company’s stock were exchanged, compared to its average volume of 48,084,864. The company has a debt-to-equity ratio of 1.98, a quick ratio of 0.34 and a current ratio of 0.39. The company has a market capitalization of $331,500.00, a price-to-earnings ratio of -0.02 and a beta of -0.72. The company’s 50-day moving average is $0.35 and its two-hundred day moving average is $0.79. Inspire Veterinary Partners has a one year low of $0.04 and a one year high of $5.96.

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

Institutional Investors Weigh In On Inspire Veterinary Partners

An institutional investor recently bought a new position in Inspire Veterinary Partners stock. Armistice Capital LLC acquired a new position in shares of Inspire Veterinary Partners, Inc. (NASDAQ:IVP) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 202,896 shares of the company’s stock, valued at approximately $347,000. Armistice Capital LLC owned approximately 9.57% of Inspire Veterinary Partners as of its most recent SEC filing. Institutional investors own 4.76% of the company’s stock.

About Inspire Veterinary Partners

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.