BrightSpring Health Services, Inc. (NASDAQ:BTSGU) Short Interest Down 27.6% in February

BrightSpring Health Services, Inc. (NASDAQ:BTSGU) was the target of a significant decline in short interest in the month of February. As of February 28th, there was short interest totalling 6,300 shares, a decline of 27.6% from the February 13th total of 8,700 shares. Based on an average daily volume of 72,700 shares, the short-interest ratio is currently 0.1 days.

BrightSpring Health Services Price Performance

Shares of BrightSpring Health Services stock traded up $0.60 during trading hours on Tuesday, hitting $64.07. The company’s stock had a trading volume of 559 shares, compared to its average volume of 66,282. The business has a 50 day moving average price of $71.91 and a two-hundred day moving average price of $65.18. BrightSpring Health Services has a 12-month low of $37.15 and a 12-month high of $89.00.

BrightSpring Health Services Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Saturday, February 1st. Investors of record on Wednesday, January 15th were paid a dividend of $0.8438 per share. The ex-dividend date of this dividend was Wednesday, January 15th. This represents a $3.38 annualized dividend and a yield of 5.27%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. D. E. Shaw & Co. Inc. increased its stake in BrightSpring Health Services by 149.4% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 960,000 shares of the company’s stock worth $60,509,000 after acquiring an additional 575,000 shares during the last quarter. Aequim Alternative Investments LP raised its stake in shares of BrightSpring Health Services by 105.7% in the fourth quarter. Aequim Alternative Investments LP now owns 990,000 shares of the company’s stock valued at $61,974,000 after acquiring an additional 508,779 shares during the period. Sculptor Capital LP lifted its holdings in shares of BrightSpring Health Services by 443.6% in the 4th quarter. Sculptor Capital LP now owns 274,770 shares of the company’s stock worth $17,201,000 after acquiring an additional 224,224 shares during the last quarter. Norges Bank bought a new position in BrightSpring Health Services during the 4th quarter valued at about $12,538,000. Finally, Bank of America Corp DE raised its position in BrightSpring Health Services by 231.9% in the 4th quarter. Bank of America Corp DE now owns 243,445 shares of the company’s stock worth $15,240,000 after purchasing an additional 170,106 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.