Inspire Veterinary Partners, Inc. (NASDAQ:IVP) Short Interest Down 30.4% in March

Inspire Veterinary Partners, Inc. (NASDAQ:IVP) was the target of a large drop in short interest in the month of March. As of March 15th, there was short interest totalling 42,600 shares, a drop of 30.4% from the February 28th total of 61,200 shares. Currently, 2.9% of the company’s shares are sold short. Based on an average trading volume of 150,200 shares, the short-interest ratio is currently 0.3 days.

Inspire Veterinary Partners Trading Down 0.6 %

Inspire Veterinary Partners stock traded down $0.01 during midday trading on Monday, hitting $1.71. 47,229 shares of the stock were exchanged, compared to its average volume of 190,984. Inspire Veterinary Partners has a 52 week low of $1.59 and a 52 week high of $401.50. The company has a quick ratio of 0.55, a current ratio of 0.63 and a debt-to-equity ratio of 3.60. The stock has a market capitalization of $2.22 million, a PE ratio of 0.00 and a beta of -2.35. The company has a fifty day simple moving average of $2.20 and a two-hundred day simple moving average of $5.46.

Hedge Funds Weigh In On Inspire Veterinary Partners

A hedge fund recently raised its stake in Inspire Veterinary Partners stock. Avantax Planning Partners Inc. boosted its holdings in shares of Inspire Veterinary Partners, Inc. (NASDAQ:IVP) by 186.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 246,000 shares of the company’s stock after acquiring an additional 160,000 shares during the period. Avantax Planning Partners Inc. owned approximately 18.92% of Inspire Veterinary Partners worth $47,000 as of its most recent filing with the Securities and Exchange Commission. 4.76% of the stock is currently owned by hedge funds and other institutional investors.

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.