P3 Health Partners Inc. (NASDAQ:PIII) Sees Large Increase in Short Interest

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

P3 Health Partners Price Performance

Shares of PIII traded up $0.02 on Tuesday, reaching $0.18. The stock had a trading volume of 682,053 shares, compared to its average volume of 975,692. The firm has a 50-day moving average of $0.19 and a 200 day moving average of $0.26. 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 has a twelve month low of $0.15 and a twelve month high of $1.02. 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 (NASDAQ:PIII) last announced its quarterly earnings results on Thursday, March 27th. The company reported ($0.32) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.15). P3 Health Partners had a negative net margin of 6.95% and a negative return on equity of 71.31%. The firm had revenue of $370.69 million during the quarter, compared to analysts’ expectations of $378.88 million. Sell-side analysts expect that P3 Health Partners will post -0.67 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Sanders Morris Harris LLC increased its position in 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 in the last quarter. Warberg Asset Management LLC raised its stake in P3 Health Partners by 1,353.5% in the 4th quarter. Warberg Asset Management LLC now owns 145,346 shares of the company’s stock valued at $33,000 after purchasing an additional 135,346 shares during the last quarter. XTX Topco Ltd acquired a new position in P3 Health Partners in the 4th quarter valued at about $46,000. Wealthedge Investment Advisors LLC purchased a new position in P3 Health Partners in the 4th quarter valued at about $83,000. Finally, Geode Capital Management LLC boosted its stake in shares of 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 purchasing an additional 550,925 shares during the last quarter. 7.75% of the stock is owned by hedge funds and other institutional investors.

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.