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

P3 Health Partners Inc. (NASDAQ:PIII) was the recipient 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. Based on an average daily trading volume, of 2,340,000 shares, the short-interest ratio is currently 1.0 days. Approximately 2.6% of the company’s shares are short sold.

P3 Health Partners Trading Up 11.8 %

PIII traded up $0.02 during midday trading on Tuesday, hitting $0.18. The company’s stock had a trading volume of 682,053 shares, compared to its average volume of 975,692. The firm has a market cap of $65.84 million, a P/E ratio of -0.22 and a beta of 0.94. P3 Health Partners has a 52-week low of $0.15 and a 52-week high of $1.02. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 1.11. The firm has a 50-day moving average price of $0.19 and a two-hundred day moving average price of $0.26.

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

Institutional Investors Weigh In On P3 Health Partners

A number of institutional investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its holdings in shares of P3 Health Partners by 115.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,029,259 shares of the company’s stock worth $398,000 after purchasing an additional 550,925 shares during the period. Trinity Financial Advisors LLC acquired a new position in P3 Health Partners during the fourth quarter valued at approximately $261,000. Sanders Morris Harris LLC grew its stake in P3 Health Partners by 50.0% during the fourth quarter. Sanders Morris Harris LLC now owns 184,497 shares of the company’s stock worth $41,000 after buying an additional 61,499 shares during the period. Wealthedge Investment Advisors LLC acquired a new stake in shares of P3 Health Partners in the fourth quarter worth $83,000. Finally, XTX Topco Ltd purchased a new position in shares of P3 Health Partners in the 4th quarter valued at $46,000. Hedge funds and other institutional investors own 7.75% of the company’s stock.

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.