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

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

Inspire Veterinary Partners Price Performance

Inspire Veterinary Partners stock traded up $1.01 during mid-day trading on Tuesday, hitting $7.40. The stock had a trading volume of 863,928 shares, compared to its average volume of 1,633,542. Inspire Veterinary Partners has a one year low of $1.23 and a one year high of $410.00. The company has a current ratio of 0.37, a quick ratio of 0.31 and a debt-to-equity ratio of 48.86. The firm’s 50 day moving average is $3.93 and its 200 day moving average is $6.68.

Inspire Veterinary Partners (NASDAQ:IVP) last announced its quarterly 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.

Insider Buying and Selling

In related news, major shareholder Ahmed Alomari sold 50,000 shares of the company’s stock in a transaction on Wednesday, July 10th. The shares were sold at an average price of $9.95, for a total value of $497,500.00. Following the completion of the transaction, the insider now owns 100,000 shares of the company’s stock, valued at approximately $995,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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.