P3 Health Partners Inc. (NASDAQ:PIII) Short Interest Down 14.3% in February

P3 Health Partners Inc. (NASDAQ:PIII) was the target of a significant decrease in short interest during the month of February. As of February 15th, there was short interest totalling 1,910,000 shares, a decrease of 14.3% from the January 31st total of 2,230,000 shares. Approximately 2.1% of the company’s stock are short sold. Based on an average daily volume of 2,260,000 shares, the days-to-cover ratio is currently 0.8 days.

P3 Health Partners Stock Down 1.1 %

Shares of PIII stock traded down $0.00 during mid-day trading on Friday, hitting $0.18. The company’s stock had a trading volume of 64,229 shares, compared to its average volume of 949,776. P3 Health Partners has a 52-week low of $0.17 and a 52-week high of $1.16. The stock has a market cap of $66.02 million, a price-to-earnings ratio of -0.22 and a beta of 0.94. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.53 and a current ratio of 0.53. The business has a 50-day moving average price of $0.21 and a 200 day moving average price of $0.30.

Institutional Investors Weigh In On P3 Health Partners

Several hedge funds have recently modified their holdings of PIII. Trinity Financial Advisors LLC acquired a new position in shares of P3 Health Partners during the fourth quarter valued at approximately $261,000. Geode Capital Management LLC increased 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 valued at $398,000 after acquiring an additional 550,925 shares during the last quarter. XTX Topco Ltd acquired a new stake in shares of P3 Health Partners in the fourth quarter worth $46,000. Sanders Morris Harris LLC boosted 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 during the last quarter. Finally, Warberg Asset Management LLC lifted its stake in P3 Health Partners by 1,353.5% in the fourth quarter. Warberg Asset Management LLC now owns 145,346 shares of the company’s stock valued at $33,000 after buying an additional 135,346 shares during the last quarter. Hedge funds and other institutional investors own 7.75% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, TD Cowen cut their price target on shares of P3 Health Partners from $0.90 to $0.25 and set a “hold” rating for the company in a 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.