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

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

Inspire Veterinary Partners Stock Performance

IVP traded down $0.01 during trading on Tuesday, reaching $1.70. The company’s stock had a trading volume of 43,532 shares, compared to its average volume of 191,143. The company has a market capitalization of $2.20 million, a price-to-earnings ratio of 0.00 and a beta of -2.35. The company’s fifty day moving average price is $2.16 and its 200-day moving average price is $5.31. Inspire Veterinary Partners has a 52-week low of $1.62 and a 52-week high of $401.50. The company has a debt-to-equity ratio of 3.60, a quick ratio of 0.55 and a current ratio of 0.63.

Institutional Trading of Inspire Veterinary Partners

A hedge fund recently raised its stake in Inspire Veterinary Partners stock. Geode Capital Management LLC lifted its position in shares of Inspire Veterinary Partners, Inc. (NASDAQ:IVP) by 880.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 198,335 shares of the company’s stock after buying an additional 178,108 shares during the quarter. Geode Capital Management LLC owned approximately 15.26% of Inspire Veterinary Partners worth $38,000 at the end of the most recent quarter. Institutional investors 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.