Short Interest in Inspire Veterinary Partners, Inc. (NASDAQ:IVP) Increases By 685.3%

Inspire Veterinary Partners, Inc. (NASDAQ:IVP) saw a significant growth in short interest in the month of January. As of January 15th, there was short interest totaling 11,783,934 shares, a growth of 685.3% from the December 31st total of 1,500,598 shares. Based on an average daily trading volume, of 315,015,402 shares, the short-interest ratio is presently 0.0 days. Approximately 30.3% of the company’s stock are short sold. Approximately 30.3% of the company’s stock are short sold. Based on an average daily trading volume, of 315,015,402 shares, the short-interest ratio is presently 0.0 days.

Analyst Ratings Changes

Separately, Weiss Ratings restated 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 currently has a consensus rating of “Sell”.

Inspire Veterinary Partners Stock Down 24.2%

Shares of IVP traded down $0.01 during trading on Tuesday, reaching $0.03. The company’s stock had a trading volume of 56,789,111 shares, compared to its average volume of 55,687,628. Inspire Veterinary Partners has a twelve month low of $0.02 and a twelve month high of $4.12. The company has a quick ratio of 0.34, a current ratio of 0.39 and a debt-to-equity ratio of 1.98. The company has a market cap of $1.28 million, a price-to-earnings ratio of -0.01 and a beta of -0.49. The company has a fifty day moving average of $0.07 and a two-hundred day moving average of $0.58.

Inspire Veterinary Partners (NASDAQ:IVP) last posted its quarterly earnings results on Wednesday, November 12th. The company reported ($0.41) earnings per share (EPS) 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%.

About Inspire Veterinary Partners

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.