P3 Health Partners Inc. (NASDAQ:PIII) Sees Significant Decline in Short Interest

P3 Health Partners Inc. (NASDAQ:PIII - Get Free Report) saw a large drop in short interest in the month of February. As of February 15th, there was short interest totalling 1,910,000 shares, a drop of 14.3% from the January 31st total of 2,230,000 shares. Based on an average daily volume of 2,260,000 shares, the days-to-cover ratio is presently 0.8 days. Currently, 2.1% of the shares of the company are sold short.

Analyst Ratings Changes

Separately, TD Cowen decreased their price target on P3 Health Partners from $0.90 to $0.25 and set a "hold" rating on the stock in a report on Wednesday, November 20th.

P3 Health Partners Price Performance

NASDAQ:PIII traded down $0.00 on Friday, reaching $0.19. 525,543 shares of the company's stock traded hands, compared to its average volume of 954,955. 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 stock has a 50-day simple moving average of $0.21 and a 200-day simple moving average of $0.30. The firm has a market cap of $66.42 million, a PE ratio of -0.22 and a beta of 0.94. P3 Health Partners has a 12 month low of $0.17 and a 12 month high of $1.16.

Institutional Investors Weigh In On P3 Health Partners

A number of institutional investors and hedge funds have recently bought and sold shares of PIII. Geode Capital Management LLC raised its holdings in P3 Health Partners by 115.2% during the third 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 period. Trinity Financial Advisors LLC bought a new stake in shares of P3 Health Partners in the fourth quarter worth about $261,000. Sanders Morris Harris LLC increased its holdings in shares of P3 Health Partners by 50.0% in the fourth 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. Warberg Asset Management LLC increased its holdings 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 purchasing an additional 135,346 shares during the last quarter. Finally, XTX Topco Ltd bought a new stake in shares of P3 Health Partners in the fourth quarter worth about $46,000. 7.75% of the stock is owned by institutional investors.

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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.