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

P3 Health Partners Inc. (NASDAQ:PIII - Get Free Report) 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. Approximately 2.6% of the company's stock are short sold. Based on an average daily trading volume, of 2,340,000 shares, the short-interest ratio is presently 1.0 days.

P3 Health Partners Stock Down 4.0 %

Shares of NASDAQ PIII traded down $0.01 during trading hours on Friday, hitting $0.17. 195,268 shares of the stock were exchanged, compared to its average volume of 979,463. P3 Health Partners has a 12 month low of $0.15 and a 12 month high of $0.85. The firm has a fifty day moving average price of $0.19 and a 200-day moving average price of $0.26. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 1.11. The company has a market cap of $59.92 million, a PE ratio of -0.20 and a beta of 0.94.

P3 Health Partners (NASDAQ:PIII - Get Free Report) last issued 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 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%. On average, sell-side analysts expect that P3 Health Partners will post -0.67 EPS for the current year.

Institutional Investors Weigh In On P3 Health Partners

Several institutional investors have recently added to or reduced their stakes in PIII. Warberg Asset Management LLC increased 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 acquiring an additional 135,346 shares in the last quarter. Sanders Morris Harris LLC grew its position 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 P3 Health Partners during the 4th quarter valued at approximately $46,000. Wealthedge Investment Advisors LLC purchased a new position in shares of P3 Health Partners in the fourth quarter worth $83,000. Finally, Trinity Financial Advisors LLC purchased a new position in shares of P3 Health Partners in the fourth quarter worth $261,000. Institutional investors and hedge funds own 7.75% of the company's stock.

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.