Short Interest in Inspire Veterinary Partners, Inc. (NASDAQ:IVP) Drops By 99.8%

Posted by Donald Scott on May 10th, 2024

Inspire Veterinary Partners, Inc. (NASDAQ:IVP – Get Free Report) was the recipient of a large decline in short interest during the month of April. As of April 30th, there was short interest totalling 7,500 shares, a decline of 99.8% from the April 15th total of 3,770,000 shares. Based on an average daily trading volume, of 433,000 shares, the short-interest ratio is currently 0.0 days.

Inspire Veterinary Partners Price Performance

NASDAQ:IVP opened at $4.28 on Friday. The company has a 50 day simple moving average of $4.83 and a two-hundred day simple moving average of $26.76. Inspire Veterinary Partners has a fifty-two week low of $3.38 and a fifty-two week high of $410.00.

Inspire Veterinary Partners (NASDAQ:IVP – Get Free Report) last announced its earnings results on Monday, April 8th. The company reported ($35.00) EPS for the quarter. The company had revenue of $3.78 million during the quarter.

Institutional Trading of Inspire Veterinary Partners

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IVP. Executive Wealth Management LLC purchased a new position in shares of Inspire Veterinary Partners in the third quarter worth about $94,000. Hohimer Wealth Management LLC purchased a new position in Inspire Veterinary Partners during the 3rd quarter valued at about $196,000. Finally, Kestra Advisory Services LLC purchased a new position in shares of Inspire Veterinary Partners during the third quarter valued at about $45,000. 4.76% of the stock is owned by institutional investors.

About Inspire Veterinary Partners

(Get Free Report)

Inspire Veterinary Partners, Inc owns and operates veterinary hospitals in the United States. The company specializes in small animal general practice hospitals, which serve companion pets, canine, and feline breeds, including equine care. Its hospitals provide preventive care for companion animals consisting of annual health exams and parasite control; dental health; nutrition and body condition counseling; neurological examinations; radiology; bloodwork; and skin and coat health, and other breed specific preventive care services.