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

P3 Health Partners Inc. (NASDAQ:PIII) was the target of a significant decrease in short interest in the month of November. As of November 30th, there was short interest totalling 818,000 shares, a decrease of 19.8% from the November 15th total of 1,020,000 shares. Approximately 0.9% of the shares of the stock are sold short. Based on an average daily volume of 739,600 shares, the days-to-cover ratio is presently 1.1 days.

P3 Health Partners Trading Down 4.1 %

NASDAQ PIII traded down $0.01 during trading hours on Friday, reaching $0.21. The company’s stock had a trading volume of 388,541 shares, compared to its average volume of 469,751. The firm has a fifty day simple moving average of $0.31 and a 200-day simple moving average of $0.45. 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 52 week low of $0.19 and a 52 week high of $1.78. The stock has a market cap of $73.56 million, a P/E ratio of -0.24 and a beta of 0.98.

Wall Street Analyst Weigh In

Separately, TD Cowen dropped their target price on shares of P3 Health Partners from $0.90 to $0.25 and set a “hold” rating for the company in a report on Wednesday, November 20th.

Hedge Funds Weigh In On P3 Health Partners

Several large investors have recently modified their holdings of PIII. Armistice Capital LLC bought a new position in shares of P3 Health Partners during the second quarter worth about $3,557,000. Geode Capital Management LLC increased its position in P3 Health Partners by 115.2% during the 3rd quarter. Geode Capital Management LLC now owns 1,029,259 shares of the company’s stock valued at $398,000 after purchasing an additional 550,925 shares during the period. Emfo LLC raised its holdings in P3 Health Partners by 39.8% during the 2nd quarter. Emfo LLC now owns 1,427,689 shares of the company’s stock worth $643,000 after purchasing an additional 406,418 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its position in shares of P3 Health Partners by 188.1% in the 2nd quarter. Renaissance Technologies LLC now owns 111,800 shares of the company’s stock worth $50,000 after purchasing an additional 73,000 shares during the period. Institutional investors 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.