BrightSpring Health Services, Inc. (NASDAQ:BTSGU) Sees Large Increase in Short Interest

BrightSpring Health Services, Inc. (NASDAQ:BTSGU) was the target of a significant increase in short interest in the month of January. As of January 15th, there was short interest totalling 6,000 shares, an increase of 81.8% from the December 31st total of 3,300 shares. Based on an average trading volume of 79,700 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Investors Weigh In On BrightSpring Health Services

Large investors have recently added to or reduced their stakes in the business. Aequim Alternative Investments LP increased its position in BrightSpring Health Services by 381.2% during the third quarter. Aequim Alternative Investments LP now owns 481,221 shares of the company’s stock worth $26,823,000 after buying an additional 381,221 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in BrightSpring Health Services during the 2nd quarter worth about $11,768,000. BlueCrest Capital Management Ltd raised its stake in BrightSpring Health Services by 710.2% in the 3rd quarter. BlueCrest Capital Management Ltd now owns 56,244 shares of the company’s stock valued at $3,135,000 after purchasing an additional 49,302 shares during the last quarter. Bank of Montreal Can acquired a new position in BrightSpring Health Services in the 2nd quarter valued at about $1,694,000. Finally, State Street Corp lifted its holdings in BrightSpring Health Services by 7.0% in the 3rd quarter. State Street Corp now owns 123,000 shares of the company’s stock valued at $6,931,000 after purchasing an additional 8,000 shares in the last quarter.

BrightSpring Health Services Stock Up 2.7 %

Shares of NASDAQ BTSGU traded up $2.19 during midday trading on Wednesday, hitting $82.87. The company had a trading volume of 3,115 shares, compared to its average volume of 56,123. The business has a 50-day simple moving average of $67.51 and a two-hundred day simple moving average of $59.07. BrightSpring Health Services has a twelve month low of $34.55 and a twelve month high of $89.00.

BrightSpring Health Services Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Saturday, February 1st. Stockholders of record on Wednesday, January 15th will be given a $0.8438 dividend. This represents a $3.38 dividend on an annualized basis and a dividend yield of 4.07%. The ex-dividend date of this dividend is Wednesday, January 15th.

BrightSpring Health Services Company Profile

BrightSpring Health Services, Inc operates a home and community-based healthcare services platform in the United States. The company's platform focuses on delivering pharmacy and provider services, including clinical and supportive care in home and community settings to Medicare, Medicaid, and insured populations.