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

P3 Health Partners Inc. (NASDAQ:PIII) saw a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 2,340,000 shares, a growth of 37.6% from the February 28th total of 1,700,000 shares. Based on an average daily volume of 2,340,000 shares, the days-to-cover ratio is presently 1.0 days. Currently, 2.6% of the company’s shares are short sold.

Institutional Investors Weigh In On P3 Health Partners

A number of large investors have recently bought and sold shares of the stock. Warberg Asset Management LLC raised its holdings in shares of P3 Health Partners by 1,353.5% during the fourth 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 period. Sanders Morris Harris LLC increased its position in P3 Health Partners by 50.0% in the 4th quarter. Sanders Morris Harris LLC now owns 184,497 shares of the company’s stock valued at $41,000 after buying an additional 61,499 shares in the last quarter. XTX Topco Ltd acquired a new position in P3 Health Partners during the 4th quarter worth approximately $46,000. Wealthedge Investment Advisors LLC bought a new position in P3 Health Partners in the fourth quarter worth approximately $83,000. Finally, Trinity Financial Advisors LLC acquired a new stake in P3 Health Partners in the fourth quarter valued at approximately $261,000. 7.75% of the stock is currently owned by institutional investors and hedge funds.

P3 Health Partners Stock Down 4.6 %

Shares of P3 Health Partners stock opened at $0.17 on Monday. The stock’s 50-day moving average is $0.19 and its 200 day moving average is $0.26. P3 Health Partners has a one year low of $0.15 and a one year high of $1.02. The firm has a market cap of $61.90 million, a price-to-earnings ratio of -0.21 and a beta of 0.94. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.53 and a quick ratio of 0.53.

P3 Health Partners (NASDAQ:PIII) last posted its quarterly earnings results on Thursday, March 27th. The company reported ($0.32) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.15). The business had revenue of $370.69 million for the quarter, compared to the consensus estimate of $378.88 million. P3 Health Partners had a negative return on equity of 71.31% and a negative net margin of 6.95%. Equities research analysts anticipate that P3 Health Partners will post -0.67 EPS for the current year.

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.