P3 Health Partners Inc. (NASDAQ:PIII) Short Interest Down 49.1% in January

P3 Health Partners Inc. (NASDAQ:PIII) saw a large decrease in short interest in January. As of January 31st, there was short interest totalling 2,230,000 shares, a decrease of 49.1% from the January 15th total of 4,380,000 shares. Based on an average daily volume of 2,140,000 shares, the days-to-cover ratio is currently 1.0 days. Approximately 2.4% of the shares of the stock are sold short.

P3 Health Partners Price Performance

Shares of PIII traded up $0.04 during midday trading on Thursday, hitting $0.24. The company’s stock had a trading volume of 7,090,778 shares, compared to its average volume of 4,265,544. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 1.11. P3 Health Partners has a one year low of $0.17 and a one year high of $1.22. The stock has a market capitalization of $85.76 million, a price-to-earnings ratio of -0.28 and a beta of 0.96. The company’s fifty day simple moving average is $0.21 and its two-hundred day simple moving average is $0.35.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of PIII. Sanders Morris Harris LLC grew its stake in shares of P3 Health Partners by 50.0% during the fourth 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. Warberg Asset Management LLC boosted its holdings in shares of P3 Health Partners by 1,353.5% during the 4th quarter. Warberg Asset Management LLC now owns 145,346 shares of the company’s stock valued at $33,000 after acquiring an additional 135,346 shares in the last quarter. Geode Capital Management LLC grew its position 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 worth $398,000 after acquiring an additional 550,925 shares during the last quarter. Finally, Trinity Financial Advisors LLC acquired a new position in P3 Health Partners in the 4th quarter worth about $261,000. Institutional investors own 7.75% of the company’s stock.

Analyst Ratings Changes

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

P3 Health Partners Company Profile

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.