Short Interest in BrightSpring Health Services, Inc. (NASDAQ:BTSGU) Increases By 81.8%

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

BrightSpring Health Services Stock Performance

Shares of NASDAQ:BTSGU traded down $0.25 during midday trading on Wednesday, hitting $65.57. The company’s stock had a trading volume of 8,551 shares, compared to its average volume of 29,783. The business’s 50 day simple moving average is $66.72 and its 200 day simple moving average is $57.14. 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 business also recently disclosed a quarterly dividend, which will be paid on Saturday, February 1st. Investors of record on Wednesday, January 15th will be given a dividend of $0.8438 per share. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $3.38 dividend on an annualized basis and a yield of 5.15%.

Institutional Investors Weigh In On BrightSpring Health Services

Hedge funds have recently modified their holdings of the company. Highbridge Capital Management LLC increased its position 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 purchasing an additional 10,899 shares during the last quarter. Bank of Montreal Can purchased a new position in BrightSpring Health Services during the second quarter worth about $1,694,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of BrightSpring Health Services during the second quarter valued at about $11,768,000. Van ECK Associates Corp raised its stake in shares of BrightSpring Health Services by 1.6% in 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 during the period. Finally, BlueCrest Capital Management Ltd raised its stake in shares of 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 acquiring 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.