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

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

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Inspire Veterinary Partners in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has an average rating of “Sell”.

Inspire Veterinary Partners Stock Performance

Shares of NASDAQ IVP traded down $0.01 during trading hours on Tuesday, hitting $0.03. 23,905,003 shares of the company’s stock were exchanged, compared to its average volume of 31,001,406. The company’s 50-day moving average price is $0.21 and its 200-day moving average price is $0.68. Inspire Veterinary Partners has a 1-year low of $0.03 and a 1-year high of $4.25. The stock has a market capitalization of $1.11 million, a price-to-earnings ratio of -0.01 and a beta of -0.49. The company has a debt-to-equity ratio of 1.98, a current ratio of 0.39 and a quick ratio of 0.34.

Inspire Veterinary Partners (NASDAQ:IVP) last issued its quarterly earnings results 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 business had revenue of $4.32 million during 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.