BrightSpring Health Services, Inc. (NASDAQ:BTSGU) Sees Significant Growth in Short Interest

BrightSpring Health Services, Inc. (NASDAQ:BTSGU) was the recipient of a large increase in short interest in January. As of January 31st, there was short interest totalling 8,800 shares, an increase of 6.0% from the January 15th total of 8,300 shares. Based on an average trading volume of 74,000 shares, the short-interest ratio is currently 0.1 days.

BrightSpring Health Services Trading Up 1.5 %

BrightSpring Health Services stock traded up $1.16 during mid-day trading on Monday, reaching $78.82. The stock had a trading volume of 2,496 shares, compared to its average volume of 44,300. BrightSpring Health Services has a fifty-two week low of $34.55 and a fifty-two week high of $89.00. The stock’s 50-day simple moving average is $70.85 and its 200-day simple moving average is $62.33.

BrightSpring Health Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Saturday, February 1st. Shareholders of record on Wednesday, January 15th were paid a $0.8438 dividend. The ex-dividend date was Wednesday, January 15th. This represents a $3.38 annualized dividend and a yield of 4.28%.

Institutional Trading of BrightSpring Health Services

A number of large investors have recently added to or reduced their stakes in BTSGU. State Street Corp grew its holdings in shares of BrightSpring Health Services by 7.0% during the third quarter. State Street Corp now owns 123,000 shares of the company’s stock worth $6,931,000 after purchasing an additional 8,000 shares in the last quarter. Van ECK Associates Corp grew its position in BrightSpring Health Services by 1.6% during the 3rd quarter. Van ECK Associates Corp now owns 323,854 shares of the company’s stock worth $19,059,000 after acquiring an additional 4,947 shares during the last quarter. Aequim Alternative Investments LP increased its stake in shares of BrightSpring Health Services by 381.2% in 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. BlueCrest Capital Management Ltd raised its stake in shares of BrightSpring Health Services by 710.2% during the third 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 last quarter. Finally, Invesco Ltd. bought a new stake in shares of BrightSpring Health Services in the 4th quarter worth approximately $1,127,000.

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.