Inspire Veterinary Partners, Inc. (NASDAQ:IVP) Short Interest Up 23.1% in July

Inspire Veterinary Partners, Inc. (NASDAQ:IVP) was the target of a large increase in short interest in the month of July. As of July 15th, there was short interest totalling 462,800 shares, an increase of 23.1% from the June 30th total of 376,000 shares. Approximately 54.4% of the shares of the company are sold short. Based on an average daily volume of 3,430,000 shares, the days-to-cover ratio is presently 0.1 days.

Insider Buying and Selling at Inspire Veterinary Partners

In other Inspire Veterinary Partners news, major shareholder Ahmed Alomari sold 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 10th. The shares were sold at an average price of $9.95, for a total transaction of $497,500.00. Following the completion of the sale, the insider now directly owns 100,000 shares of the company’s stock, valued at $995,000. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Inspire Veterinary Partners Stock Performance

IVP traded up $1.01 during midday trading on Tuesday, reaching $7.40. The company had a trading volume of 863,928 shares, compared to its average volume of 1,633,542. Inspire Veterinary Partners has a 1 year low of $1.23 and a 1 year high of $410.00. The company has a debt-to-equity ratio of 48.86, a quick ratio of 0.31 and a current ratio of 0.37. The business has a 50-day moving average of $4.02 and a two-hundred day moving average of $6.61.

Inspire Veterinary Partners (NASDAQ:IVP) last released its earnings results on Wednesday, May 15th. The company reported ($8.97) EPS for the quarter. The business had revenue of $4.83 million for the quarter.

Inspire Veterinary Partners Company Profile

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.