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

BrightSpring Health Services, Inc. (NASDAQ:BTSGU) saw a large increase in short interest during 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.

BrightSpring Health Services Stock Performance

NASDAQ:BTSGU traded up $2.19 during trading hours on Wednesday, reaching $82.87. 3,115 shares of the company were exchanged, compared to its average volume of 56,123. The stock has a 50 day simple moving average of $67.51 and a 200 day simple moving average of $59.07. BrightSpring Health Services has a 52-week low of $34.55 and a 52-week high of $89.00.

BrightSpring Health Services Dividend Announcement

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BTSGU. Aequim Alternative Investments LP grew its stake 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 during the period. Van ECK Associates Corp lifted its holdings in shares of BrightSpring Health Services by 1.6% during the 3rd quarter. Van ECK Associates Corp now owns 323,854 shares of the company’s stock valued at $19,059,000 after acquiring an additional 4,947 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 $11,768,000. State Street Corp increased 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. Finally, BlueCrest Capital Management Ltd raised its position in BrightSpring Health Services by 710.2% in the third 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 period.

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.