Inspire Veterinary Partners, Inc. (NASDAQ:IVP) Short Interest Up 685.3% in January

Inspire Veterinary Partners, Inc. (NASDAQ:IVP) was the recipient of a significant increase in short interest during the month of January. As of January 15th, there was short interest totaling 11,783,934 shares, an increase of 685.3% from the December 31st total of 1,500,598 shares. Approximately 30.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 315,015,402 shares, the days-to-cover ratio is presently 0.0 days. Based on an average daily trading volume, of 315,015,402 shares, the days-to-cover ratio is presently 0.0 days. Approximately 30.3% of the shares of the stock are short sold.

Analyst Upgrades and Downgrades

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

Inspire Veterinary Partners Stock Down 24.2%

NASDAQ:IVP traded down $0.01 on Tuesday, hitting $0.03. 56,789,111 shares of the company’s stock traded hands, compared to its average volume of 55,687,628. The company has a market cap of $1.28 million, a PE ratio of -0.01 and a beta of -0.49. Inspire Veterinary Partners has a 1 year low of $0.02 and a 1 year high of $4.12. The company has a current ratio of 0.39, a quick ratio of 0.34 and a debt-to-equity ratio of 1.98. The firm has a 50-day moving average price of $0.07 and a 200-day moving average price of $0.58.

Inspire Veterinary Partners (NASDAQ:IVP) last announced 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 net margin of 76.75% and a negative return on equity of 520.34%.

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.