Short Interest in MSP Recovery, Inc. (NASDAQ:MSPR) Increases By 231.4%

MSP Recovery, Inc. (NASDAQ:MSPR) saw a large growth in short interest during the month of December. As of December 15th, there was short interest totaling 1,568,727 shares, a growth of 231.4% from the November 30th total of 473,363 shares. Based on an average daily volume of 5,215,219 shares, the days-to-cover ratio is presently 0.3 days. Currently, 22.2% of the company’s stock are sold short. Currently, 22.2% of the company’s stock are sold short. Based on an average daily volume of 5,215,219 shares, the days-to-cover ratio is presently 0.3 days.

MSP Recovery Stock Down 20.7%

NASDAQ:MSPR opened at $0.11 on Friday. The firm has a market cap of $1.58 million, a price-to-earnings ratio of 0.00 and a beta of -2.96. MSP Recovery has a 12 month low of $0.06 and a 12 month high of $24.71. The company’s 50 day moving average is $0.43 and its 200-day moving average is $3.38.

MSP Recovery (NASDAQ:MSPR) last released its quarterly earnings data on Wednesday, November 19th. The company reported ($132.71) earnings per share (EPS) for the quarter. The firm had revenue of $0.20 million for the quarter. MSP Recovery had a negative net margin of 7,328.48% and a negative return on equity of 326.80%.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of MSP Recovery in a report on Wednesday, October 8th. Wall Street Zen lowered shares of MSP Recovery to a “strong sell” rating in a research report on Saturday, September 13th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, MSP Recovery currently has an average rating of “Sell”.

Institutional Investors Weigh In On MSP Recovery

An institutional investor recently bought a new position in MSP Recovery stock. Corient Private Wealth LLC bought a new stake in MSP Recovery, Inc. (NASDAQ:MSPR) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 97,924 shares of the company’s stock, valued at approximately $136,000. Corient Private Wealth LLC owned approximately 1.19% of MSP Recovery as of its most recent filing with the Securities and Exchange Commission. 3.77% of the stock is currently owned by institutional investors.

About MSP Recovery

MSP Recovery (NASDAQ: MSPR) is a provider of recovery and compliance services to public and commercial healthcare payers. The company specializes in subrogation and Medicare Secondary Payer (MSP) recovery, helping clients identify and recoup payments that should be borne by third parties rather than the insurer. MSP Recovery’s core offerings include claims review, case development, legal filings, and negotiation services, all designed to reduce wasteful expenditure and ensure payer compliance with federal and state regulations.

At the heart of MSP Recovery’s service model is a proprietary technology platform that integrates data analytics with case management tools.