Short Interest in Inspire Veterinary Partners, Inc. (NASDAQ:IVP) Declines By 34.6%

Inspire Veterinary Partners, Inc. (NASDAQ:IVP) was the target of a significant drop in short interest in the month of May. As of May 31st, there was short interest totalling 69,200 shares, a drop of 34.6% from the May 15th total of 105,800 shares. Currently, 4.7% of the company’s shares are short sold. Based on an average daily trading volume, of 72,500 shares, the short-interest ratio is currently 1.0 days.

Inspire Veterinary Partners Trading Down 1.8%

IVP opened at $1.67 on Thursday. The firm has a market cap of $8.58 million, a P/E ratio of -0.06 and a beta of -1.22. The company has a quick ratio of 0.32, a current ratio of 0.39 and a debt-to-equity ratio of 2.76. Inspire Veterinary Partners has a 52 week low of $1.26 and a 52 week high of $401.50. The business has a fifty day simple moving average of $1.57 and a 200-day simple moving average of $2.57.

Inspire Veterinary Partners (NASDAQ:IVP) last announced its quarterly earnings data on Thursday, May 15th. The company reported ($0.43) earnings per share (EPS) for the quarter. The company had revenue of $3.64 million during the quarter. Inspire Veterinary Partners had a negative net margin of 86.10% and a negative return on equity of 1,106.47%.

Institutional Trading of Inspire Veterinary Partners

Several hedge funds have recently modified their holdings of IVP. Avantax Planning Partners Inc. raised its stake in shares of Inspire Veterinary Partners by 186.0% in the fourth quarter. Avantax Planning Partners Inc. now owns 246,000 shares of the company’s stock valued at $47,000 after acquiring an additional 160,000 shares in the last quarter. Geode Capital Management LLC raised its stake in Inspire Veterinary Partners by 880.5% in the fourth quarter. Geode Capital Management LLC now owns 198,335 shares of the company’s stock valued at $38,000 after buying an additional 178,108 shares in the last quarter. Finally, Armistice Capital LLC acquired a new stake in Inspire Veterinary Partners in the first quarter valued at $347,000. 4.76% of the stock is currently owned by institutional investors and hedge funds.

About Inspire Veterinary Partners

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.