P3 Health Partners Inc. (NASDAQ:PIII) Short Interest Update

P3 Health Partners Inc. (NASDAQ:PIII) saw a significant decline in short interest during the month of February. As of February 15th, there was short interest totalling 1,910,000 shares, a decline of 14.3% from the January 31st total of 2,230,000 shares. Based on an average trading volume of 2,260,000 shares, the short-interest ratio is currently 0.8 days. Currently, 2.1% of the shares of the stock are sold short.

Analyst Ratings Changes

Separately, TD Cowen reduced their price target on P3 Health Partners from $0.90 to $0.25 and set a “hold” rating for the company in a research report on Wednesday, November 20th.

P3 Health Partners Price Performance

NASDAQ PIII traded down $0.00 on Friday, reaching $0.18. 64,229 shares of the company’s stock traded hands, compared to its average volume of 949,776. The stock has a market cap of $66.02 million, a PE ratio of -0.22 and a beta of 0.94. P3 Health Partners has a 12 month low of $0.17 and a 12 month high of $1.16. The stock has a 50-day simple moving average of $0.21 and a 200 day simple moving average of $0.30. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.53 and a quick ratio of 0.53.

Institutional Investors Weigh In On P3 Health Partners

Several institutional investors have recently modified their holdings of PIII. Geode Capital Management LLC lifted its stake in P3 Health Partners by 115.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,029,259 shares of the company’s stock worth $398,000 after purchasing an additional 550,925 shares in the last quarter. Trinity Financial Advisors LLC purchased a new stake in shares of P3 Health Partners during the fourth quarter valued at $261,000. Sanders Morris Harris LLC increased its holdings in P3 Health Partners by 50.0% during the 4th quarter. Sanders Morris Harris LLC now owns 184,497 shares of the company’s stock worth $41,000 after purchasing an additional 61,499 shares during the period. XTX Topco Ltd bought a new position in shares of P3 Health Partners during the 4th quarter worth approximately $46,000. Finally, Warberg Asset Management LLC grew its holdings in shares of P3 Health Partners by 1,353.5% during the fourth quarter. Warberg Asset Management LLC now owns 145,346 shares of the company’s stock valued at $33,000 after buying an additional 135,346 shares during the last quarter. 7.75% of the stock is owned by hedge funds and other institutional investors.

P3 Health Partners Company Profile

P3 Health Partners Inc, a patient-centered and physician-led population health management company, provides superior care services in the United States. It operates clinics and wellness centers. P3 Health Partners Inc was founded in 2020 and is based in Henderson, Nevada.