P3 Health Partners Inc. (NASDAQ:PIII) Short Interest Update

P3 Health Partners Inc. (NASDAQ:PIII) saw a large decline in short interest during the month of October. As of October 31st, there was short interest totalling 957,100 shares, a decline of 23.4% from the October 15th total of 1,250,000 shares. Currently, 1.4% of the shares of the company are sold short. Based on an average daily trading volume, of 657,700 shares, the days-to-cover ratio is currently 1.5 days.

P3 Health Partners Price Performance

PIII stock traded up $0.02 during mid-day trading on Friday, reaching $0.23. 887,485 shares of the company traded hands, compared to its average volume of 628,607. P3 Health Partners has a 52-week low of $0.20 and a 52-week high of $1.78. The company has a market capitalization of $81.74 million, a P/E ratio of -0.27 and a beta of 1.15. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.53 and a quick ratio of 0.69. The company has a fifty day moving average price of $0.40 and a 200-day moving average price of $0.51.

Insider Buying and Selling

In related news, major shareholder Pacific Founders Ugp I. Chicago purchased 80,000 shares of the business’s stock in a transaction dated Wednesday, September 4th. The stock was purchased at an average cost of $0.49 per share, with a total value of $39,200.00. Following the completion of the acquisition, the insider now directly owns 76,625,438 shares of the company’s stock, valued at approximately $37,546,464.62. The trade was a 0.10 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. In the last ninety days, insiders have purchased 400,000 shares of company stock valued at $205,600. 17.86% of the stock is owned by insiders.

Hedge Funds Weigh In On P3 Health Partners

Institutional investors have recently added to or reduced their stakes in the business. Sanders Morris Harris LLC raised its stake in P3 Health Partners by 16.3% in the second quarter. Sanders Morris Harris LLC now owns 142,998 shares of the company’s stock valued at $64,000 after purchasing an additional 20,000 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of P3 Health Partners by 188.1% during the 2nd quarter. Renaissance Technologies LLC now owns 111,800 shares of the company’s stock worth $50,000 after acquiring an additional 73,000 shares during the last quarter. Emfo LLC grew its position in P3 Health Partners by 39.8% in the second quarter. Emfo LLC now owns 1,427,689 shares of the company’s stock worth $643,000 after acquiring an additional 406,418 shares in the last quarter. Geode Capital Management LLC increased its stake in P3 Health Partners by 115.2% in the third quarter. Geode Capital Management LLC now owns 1,029,259 shares of the company’s stock valued at $398,000 after acquiring an additional 550,925 shares during the last quarter. Finally, Armistice Capital LLC purchased a new stake in P3 Health Partners during the second quarter valued at about $3,557,000. 7.75% of the stock is currently owned by institutional investors.

About P3 Health Partners

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.