Inspire Veterinary Partners, Inc. (NASDAQ:IVP) Short Interest Update

Inspire Veterinary Partners, Inc. (NASDAQ:IVP) was the target of a significant growth in short interest during the month of August. As of August 31st, there was short interest totalling 313,300 shares, a growth of 12.3% from the August 15th total of 279,100 shares. Currently, 9.0% of the shares of the company are short sold. Based on an average daily volume of 4,740,000 shares, the days-to-cover ratio is presently 0.1 days.

Insider Transactions at Inspire Veterinary Partners

In other news, major shareholder Ahmed Alomari sold 50,000 shares of the firm’s stock in a transaction on Wednesday, July 10th. The stock was 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 in the company, valued at $995,000. The sale was disclosed in a document filed with the SEC, which is available at this link.

Inspire Veterinary Partners Stock Down 4.9 %

NASDAQ:IVP traded down $0.04 during mid-day trading on Monday, reaching $0.86. The company’s stock had a trading volume of 822,933 shares, compared to its average volume of 1,955,729. The company’s fifty day simple moving average is $4.93 and its two-hundred day simple moving average is $4.12. The company has a quick ratio of 0.13, a current ratio of 0.18 and a debt-to-equity ratio of 48.86. Inspire Veterinary Partners has a twelve month low of $0.66 and a twelve month high of $242.00.

Inspire Veterinary Partners (NASDAQ:IVP) last issued its quarterly earnings results on Tuesday, August 13th. The company reported ($0.52) earnings per share (EPS) for the quarter. The business had revenue of $4.39 million during the quarter. Inspire Veterinary Partners had a negative return on equity of 3,040.29% and a negative net margin of 109.98%.

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.