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

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

Inspire Veterinary Partners Stock Performance

NASDAQ IVP opened at $1.72 on Tuesday. The company has a market capitalization of $8.84 million, a price-to-earnings ratio of 0.00 and a beta of -1.22. Inspire Veterinary Partners has a twelve month low of $1.26 and a twelve month high of $401.50. The stock has a fifty day simple moving average of $1.56 and a 200 day simple moving average of $2.58. The company has a quick ratio of 0.55, a current ratio of 0.63 and a debt-to-equity ratio of 3.60.

Inspire Veterinary Partners (NASDAQ:IVP) last posted its quarterly earnings data on Thursday, May 15th. The company reported ($0.43) earnings per share for the quarter. The company had revenue of $3.64 million during the quarter.

Institutional Trading of Inspire Veterinary Partners

A number of institutional investors have recently bought and sold shares of the company. Avantax Planning Partners Inc. boosted its position in Inspire Veterinary Partners by 186.0% during 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 during the last quarter. Armistice Capital LLC bought a new stake in Inspire Veterinary Partners during the first quarter valued at $347,000. Finally, Geode Capital Management LLC boosted its position in Inspire Veterinary Partners by 880.5% during the fourth quarter. Geode Capital Management LLC now owns 198,335 shares of the company’s stock valued at $38,000 after acquiring an additional 178,108 shares during the last quarter. Institutional investors own 4.76% of the company’s stock.

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.