Inspire Veterinary Partners, Inc. (NASDAQ:IVP) Sees Significant Growth in Short Interest

Inspire Veterinary Partners, Inc. (NASDAQ:IVP) was the target of a significant increase in short interest in the month of December. As of December 31st, there was short interest totaling 1,500,598 shares, an increase 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 currently 0.0 days. Approximately 3.9% of the shares of the company are short sold. Approximately 3.9% of the shares of the company are short sold. Based on an average daily trading volume, of 79,392,735 shares, the short-interest ratio is currently 0.0 days.

Wall Street Analysts Forecast Growth

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

Inspire Veterinary Partners Price Performance

Shares of IVP stock traded down $0.01 during trading hours on Tuesday, hitting $0.03. The company had a trading volume of 23,905,003 shares, compared to its average volume of 31,001,406. Inspire Veterinary Partners has a 12 month low of $0.03 and a 12 month high of $4.25. 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 firm’s fifty day moving average is $0.21 and its 200 day moving average is $0.68. The firm has a market capitalization of $1.11 million, a price-to-earnings ratio of -0.01 and a beta of -0.49.

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

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.