A Look at Inspire Veterinary’s Recent Short Interest – Inspire Veterinary (NASDAQ:IVP)

Inspire veterinarians IVP The short-term float percentage has increased by 211.58% since its last report. The company recently announced that it had 375,000 shares sold shortwhich represents 39.29% of all common shares available for trading. Based on its trading volume, It would take traders an average of 1.0 days to cover their short positions.

Why Short Term Interest Matters

Short interest is the number of shares that have been sold short but have not yet been covered or closed. Short selling is when a trader sells shares of a company that they do not own, in the hope that the price will fall. Traders make money from short selling if the stock price falls and they lose money if it rises.

It is important to track short positions because they can serve as an indicator of market sentiment toward a particular stock. An increase in short positions can indicate that investors have become more bearish, while a decrease in short positions can indicate that they have become more bullish.

See also: List of Most Shorted Stocks

Inspire Vets Short Term Interest Chart (3 Months)

As you can see from the chart above, the percentage of shares sold short for Inspire Veterinary has increased since its last report. This doesn’t mean the stock will fall in the short term, but traders should be aware that more shares are being sold short.

Comparing Inspire Veterinary’s Short Interest to its Peers

Peer comparison is a popular technique among analysts and investors to evaluate a company’s performance. A company’s peer is another company that has similar characteristics to its own, such as industry, size, age, and financial structure. You can find a company’s peer group by reading its Form 10-K, proxy filing, or by conducting your own similarity analysis.

According to Benzinga Pro, Inspire Veterinary’s peer group average for short interest as a percentage of float is 4.58%, which means the company has more shorter interest than most of its peers.

Did you know that increasing short-term interest can actually be bullish for a stock? This Benzinga Money article explains how you can take advantage of it.

This article was generated by Benzinga’s automated content engine and was reviewed by an editor.