Short Interest in BrightSpring Health Services, Inc. (NASDAQ:BTSGU) Rises By 22.2%

BrightSpring Health Services, Inc. (NASDAQ:BTSGU) saw a significant increase in short interest in December. As of December 15th, there was short interest totalling 3,300 shares, an increase of 22.2% from the November 30th total of 2,700 shares. Based on an average daily volume of 89,100 shares, the days-to-cover ratio is presently 0.0 days.

BrightSpring Health Services Price Performance

NASDAQ:BTSGU traded down $0.15 during mid-day trading on Tuesday, hitting $62.60. 83,697 shares of the stock traded hands, compared to its average volume of 89,576. The business’s 50-day moving average price is $65.85 and its 200 day moving average price is $55.56. BrightSpring Health Services has a 12-month low of $34.55 and a 12-month high of $72.66.

BrightSpring Health Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Tuesday, October 15th were issued a $0.8438 dividend. The ex-dividend date of this dividend was Tuesday, October 15th. This represents a $3.38 annualized dividend and a dividend yield of 5.39%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Van ECK Associates Corp lifted its position in BrightSpring Health Services by 1.6% during the third quarter. Van ECK Associates Corp now owns 323,854 shares of the company’s stock valued at $19,059,000 after purchasing an additional 4,947 shares during the last quarter. State Street Corp raised its position in shares of BrightSpring Health Services by 7.0% during the 3rd quarter. State Street Corp now owns 123,000 shares of the company’s stock valued at $6,931,000 after buying an additional 8,000 shares in the last quarter. Highbridge Capital Management LLC lifted its holdings in shares of BrightSpring Health Services by 3.7% during the 2nd quarter. Highbridge Capital Management LLC now owns 302,705 shares of the company’s stock worth $14,248,000 after acquiring an additional 10,899 shares during the last quarter. Wolverine Asset Management LLC increased its stake in BrightSpring Health Services by 8.7% in the second quarter. Wolverine Asset Management LLC now owns 185,966 shares of the company’s stock valued at $8,541,000 after acquiring an additional 14,943 shares during the last quarter. Finally, Bank of Montreal Can purchased a new stake in BrightSpring Health Services during the second quarter valued at about $1,694,000.

About BrightSpring Health Services

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.