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

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

Inspire Veterinary Partners Stock Up 15.8 %

NASDAQ IVP traded up $1.01 during trading hours on Tuesday, hitting $7.40. The company’s stock had a trading volume of 863,928 shares, compared to its average volume of 1,633,542. The company has a debt-to-equity ratio of 48.86, a current ratio of 0.37 and a quick ratio of 0.31. The company’s 50-day simple moving average is $4.02 and its two-hundred day simple moving average is $6.61. Inspire Veterinary Partners has a 52 week low of $1.23 and a 52 week high of $410.00.

Inspire Veterinary Partners (NASDAQ:IVP) last issued its quarterly earnings data on Wednesday, May 15th. The company reported ($8.97) earnings per share for the quarter. The business had revenue of $4.83 million during the quarter.

Insider Transactions at Inspire Veterinary Partners

In other Inspire Veterinary Partners news, major shareholder Ahmed Alomari sold 50,000 shares of Inspire Veterinary Partners 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 sale, the insider now directly owns 100,000 shares of the company’s stock, valued at $995,000. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

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.