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

Inspire Veterinary Partners, Inc. (NASDAQ:IVP) was the recipient of a significant decrease in short interest in the month of December. As of December 15th, there was short interest totaling 492,682 shares, a decrease 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. Approximately 12.4% of the shares of the stock are short sold. Approximately 12.4% of the shares of the stock are short sold. Based on an average trading volume of 35,718,695 shares, the short-interest ratio is presently 0.0 days.

Inspire Veterinary Partners Price Performance

IVP traded up $0.01 during trading on Friday, hitting $0.04. The company’s stock had a trading volume of 57,306,753 shares, compared to its average volume of 47,601,924. The company has a quick ratio of 0.34, a current ratio of 0.39 and a debt-to-equity ratio of 1.98. The stock has a market capitalization of $287,742.00, a price-to-earnings ratio of -0.02 and a beta of -0.72. The firm’s 50 day moving average price is $0.39 and its two-hundred day moving average price is $0.82. Inspire Veterinary Partners has a 12 month low of $0.04 and a 12 month high of $5.96.

Inspire Veterinary Partners (NASDAQ:IVP) last announced its 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 for the quarter.

Hedge Funds Weigh In On Inspire Veterinary Partners

An institutional investor recently bought a new position in Inspire Veterinary Partners stock. Armistice Capital LLC bought a new stake in shares of Inspire Veterinary Partners, Inc. (NASDAQ:IVP) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund bought 202,896 shares of the company’s stock, valued at approximately $347,000. Armistice Capital LLC owned about 9.57% of Inspire Veterinary Partners as of its most recent filing with the SEC. 4.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

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.