P3 Health Partners Inc. (NASDAQ:PIII) Short Interest Up 37.6% in March

P3 Health Partners Inc. (NASDAQ:PIII) saw a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 2,340,000 shares, a growth of 37.6% from the February 28th total of 1,700,000 shares. Based on an average trading volume of 2,340,000 shares, the short-interest ratio is presently 1.0 days. Approximately 2.6% of the shares of the stock are short sold.

P3 Health Partners Stock Up 11.8 %

Shares of NASDAQ:PIII opened at $0.18 on Wednesday. The firm has a fifty day moving average of $0.19 and a 200 day moving average of $0.26. P3 Health Partners has a 52-week low of $0.15 and a 52-week high of $0.89. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.53 and a current ratio of 0.53. The firm has a market capitalization of $65.84 million, a PE ratio of -0.22 and a beta of 0.94.

P3 Health Partners (NASDAQ:PIII) last posted its quarterly earnings data on Thursday, March 27th. The company reported ($0.32) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.15). The firm had revenue of $370.69 million during the quarter, compared to analysts’ expectations of $378.88 million. P3 Health Partners had a negative return on equity of 71.31% and a negative net margin of 6.95%. As a group, research analysts anticipate that P3 Health Partners will post -0.67 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in PIII. Trinity Financial Advisors LLC bought a new position in shares of P3 Health Partners during the 4th quarter valued at $261,000. Geode Capital Management LLC increased its holdings in P3 Health Partners by 115.2% during the 3rd quarter. Geode Capital Management LLC now owns 1,029,259 shares of the company’s stock valued at $398,000 after purchasing an additional 550,925 shares during the period. Wealthedge Investment Advisors LLC bought a new position in P3 Health Partners during the 4th quarter valued at approximately $83,000. XTX Topco Ltd purchased a new stake in P3 Health Partners in the 4th quarter worth approximately $46,000. Finally, Sanders Morris Harris LLC grew its position in shares of P3 Health Partners by 50.0% in the 4th quarter. Sanders Morris Harris LLC now owns 184,497 shares of the company’s stock worth $41,000 after buying an additional 61,499 shares during the last quarter. 7.75% of the stock is owned by hedge funds and other institutional investors.

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.