Inspire Veterinary Partners, Inc. (NASDAQ:IVP) Sees Large Increase in Short Interest

Inspire Veterinary Partners, Inc. (NASDAQ:IVP) was the recipient of a large growth in short interest during the month of February. As of February 15th, there was short interest totalling 68,400 shares, a growth of 84.9% from the January 31st total of 37,000 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily volume of 138,200 shares, the days-to-cover ratio is currently 0.5 days.

Inspire Veterinary Partners Trading Up 3.9 %

Shares of NASDAQ:IVP traded up $0.08 during trading on Monday, reaching $2.11. The stock had a trading volume of 22,420 shares, compared to its average volume of 185,091. Inspire Veterinary Partners has a fifty-two week low of $1.97 and a fifty-two week high of $401.50. The business has a fifty day moving average price of $3.29 and a 200-day moving average price of $12.63. The stock has a market cap of $2.74 million, a P/E ratio of 0.00 and a beta of -2.54. The company has a quick ratio of 0.55, a current ratio of 0.63 and a debt-to-equity ratio of 3.60.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Inspire Veterinary Partners stock. Geode Capital Management LLC lifted its stake in shares of Inspire Veterinary Partners, Inc. (NASDAQ:IVP) by 880.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 198,335 shares of the company’s stock after acquiring an additional 178,108 shares during the period. Geode Capital Management LLC owned 15.26% of Inspire Veterinary Partners worth $38,000 as of its most recent SEC filing. Institutional investors and hedge funds 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.