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

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

Institutional Investors Weigh In On P3 Health Partners

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

P3 Health Partners Trading Down 4.6 %

PIII opened at $0.17 on Monday. 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 fifty-two week low of $0.15 and a fifty-two week high of $1.02. The company’s 50 day moving average price is $0.19 and its two-hundred day moving average price is $0.26. The firm has a market capitalization of $61.90 million, a price-to-earnings ratio of -0.21 and a beta of 0.94.

P3 Health Partners (NASDAQ:PIII) last issued its quarterly 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 business had revenue of $370.69 million for the quarter, compared to analyst estimates of $378.88 million. P3 Health Partners had a negative return on equity of 71.31% and a negative net margin of 6.95%. As a group, research analysts predict that P3 Health Partners will post -0.67 earnings per share for the current year.

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.