P3 Health Partners Inc. (NASDAQ:PIII) Short Interest Up 37.6% in March

P3 Health Partners Inc. (NASDAQ:PIII) saw a significant 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 trading volume, of 2,340,000 shares, the days-to-cover ratio is currently 1.0 days. Currently, 2.6% of the company’s shares are short sold.

Institutional Trading of P3 Health Partners

Hedge funds have recently modified their holdings of the business. Warberg Asset Management LLC lifted its position in P3 Health Partners by 1,353.5% during the 4th quarter. Warberg Asset Management LLC now owns 145,346 shares of the company’s stock valued at $33,000 after acquiring an additional 135,346 shares during the period. Sanders Morris Harris LLC lifted its holdings in shares of P3 Health Partners by 50.0% during the fourth quarter. Sanders Morris Harris LLC now owns 184,497 shares of the company’s stock valued at $41,000 after purchasing an additional 61,499 shares during the last quarter. XTX Topco Ltd bought a new stake in shares of P3 Health Partners in the 4th quarter worth approximately $46,000. Wealthedge Investment Advisors LLC purchased a new stake in shares of P3 Health Partners in the 4th quarter worth approximately $83,000. Finally, Trinity Financial Advisors LLC bought a new position in P3 Health Partners during the 4th quarter valued at approximately $261,000. Institutional investors own 7.75% of the company’s stock.

P3 Health Partners Price Performance

PIII stock opened at $0.18 on Wednesday. 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 has a 1 year low of $0.15 and a 1 year high of $0.89. The firm has a 50-day moving average of $0.19 and a 200 day moving average of $0.26. The company has a market cap of $65.84 million, a P/E ratio of -0.22 and a beta of 0.94.

P3 Health Partners (NASDAQ:PIII) last released its earnings results on Thursday, March 27th. The company reported ($0.32) EPS for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.15). The firm had revenue of $370.69 million during the quarter, compared to analysts’ expectations of $378.88 million. P3 Health Partners had a negative net margin of 6.95% and a negative return on equity of 71.31%. On average, sell-side analysts forecast 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.