P3 Health Partners Inc. (NASDAQ:PIII) Sees Significant Decrease in Short Interest

P3 Health Partners Inc. (NASDAQ:PIII) was the recipient of a large decrease in short interest during the month of February. As of February 15th, there was short interest totalling 1,910,000 shares, a decrease of 14.3% from the January 31st total of 2,230,000 shares. Based on an average daily volume of 2,260,000 shares, the days-to-cover ratio is presently 0.8 days. Currently, 2.1% of the shares of the company are sold short.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Geode Capital Management LLC increased its holdings in P3 Health Partners by 115.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,029,259 shares of the company’s stock valued at $398,000 after buying an additional 550,925 shares during the period. Trinity Financial Advisors LLC acquired a new stake in shares of P3 Health Partners during the 4th quarter valued at about $261,000. Sanders Morris Harris LLC increased its stake in P3 Health Partners by 50.0% in the fourth quarter. Sanders Morris Harris LLC now owns 184,497 shares of the company’s stock valued at $41,000 after acquiring an additional 61,499 shares during the period. XTX Topco Ltd bought a new stake in P3 Health Partners in the fourth quarter valued at about $46,000. Finally, Warberg Asset Management LLC raised its position in P3 Health Partners by 1,353.5% in the fourth quarter. Warberg Asset Management LLC now owns 145,346 shares of the company’s stock worth $33,000 after purchasing an additional 135,346 shares in the last quarter. 7.75% of the stock is currently owned by institutional investors and hedge funds.

P3 Health Partners Stock Performance

P3 Health Partners stock traded down $0.00 during trading hours on Thursday, hitting $0.18. The stock had a trading volume of 335,534 shares, compared to its average volume of 952,743. P3 Health Partners has a fifty-two week low of $0.17 and a fifty-two week high of $1.18. The company has a market cap of $66.02 million, a PE ratio of -0.22 and a beta of 0.96. The company has a 50-day moving average of $0.21 and a two-hundred day moving average of $0.30. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 1.11.

Wall Street Analyst Weigh In

Separately, TD Cowen decreased their price target on shares of P3 Health Partners from $0.90 to $0.25 and set a “hold” rating on the stock in a research report on Wednesday, November 20th.

About P3 Health Partners

P3 Health Partners Inc, a patient-centered and physician-led population health management company, provides superior care services in the United States. It operates clinics and wellness centers. P3 Health Partners Inc was founded in 2020 and is based in Henderson, Nevada.