Inspire Veterinary Partners, Inc. (NASDAQ:IVP) Short Interest Update

Inspire Veterinary Partners, Inc. (NASDAQ:IVP) saw a significant growth in short interest in 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. Approximately 3.9% of the shares of the company are sold short. Based on an average daily volume of 79,392,735 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily volume of 79,392,735 shares, the days-to-cover ratio is currently 0.0 days. Approximately 3.9% of the shares of the company are sold short.

Inspire Veterinary Partners Price Performance

Shares of NASDAQ IVP traded up $0.06 during midday trading on Wednesday, reaching $0.08. The company’s stock had a trading volume of 2,581,971,065 shares, compared to its average volume of 279,610,281. 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 cap of $3.41 million, a P/E ratio of -0.04 and a beta of -0.49. The business’s 50 day moving average price is $0.19 and its two-hundred day moving average price is $0.67. Inspire Veterinary Partners has a fifty-two week low of $0.02 and a fifty-two week high of $4.12.

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

Wall Street Analysts Forecast Growth

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

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.