Short Interest in BrightSpring Health Services, Inc. (NASDAQ:BTSGU) Rises By 405.1%

by · The Cerbat Gem

BrightSpring Health Services, Inc. (NASDAQ:BTSGUGet Free Report) was the target of a large increase in short interest in May. As of May 15th, there was short interest totaling 14,997 shares, an increase of 405.1% from the April 30th total of 2,969 shares. Based on an average trading volume of 45,326 shares, the short-interest ratio is currently 0.3 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of BrightSpring Health Services in a research report on Friday, March 27th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, BrightSpring Health Services currently has an average rating of “Hold”.

Read Our Latest Stock Report on BTSGU

Institutional Trading of BrightSpring Health Services

Several institutional investors have recently made changes to their positions in the business. Virtus Advisers LLC bought a new position in BrightSpring Health Services during the 4th quarter valued at about $25,000. GABELLI & Co INVESTMENT ADVISERS INC. bought a new position in BrightSpring Health Services during the 1st quarter valued at about $213,000. Jane Street Group LLC lifted its holdings in BrightSpring Health Services by 88.4% during the 4th quarter. Jane Street Group LLC now owns 4,946 shares of the company’s stock valued at $624,000 after purchasing an additional 2,321 shares during the last quarter. Morningstar Investment Management LLC bought a new position in BrightSpring Health Services during the 3rd quarter valued at about $829,000. Finally, Goldman Sachs Group Inc. bought a new position in BrightSpring Health Services during the 1st quarter valued at about $3,575,000.

BrightSpring Health Services Price Performance

Shares of BrightSpring Health Services stock traded down $3.24 during trading on Friday, hitting $202.02. 12,615 shares of the company’s stock traded hands, compared to its average volume of 28,447. The firm’s fifty day moving average price is $164.90 and its 200 day moving average price is $140.80. BrightSpring Health Services has a twelve month low of $68.14 and a twelve month high of $205.26.

BrightSpring Health Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 1st. Stockholders of record on Wednesday, April 15th were given a dividend of $0.8438 per share. This represents a $3.38 annualized dividend and a dividend yield of 1.7%. The ex-dividend date was Wednesday, April 15th.

About BrightSpring Health Services

(Get Free Report)

BrightSpring Health Services is a leading provider of home and community-based health and support services in the United States. The company specializes in delivering a continuum of care that spans behavioral health, intellectual and developmental disability support, home health care, and respite services. By integrating clinical and non-clinical offerings, BrightSpring seeks to improve patient outcomes, enhance quality of life, and support family caregivers.

Through its behavioral health division, BrightSpring offers individualized therapy, counseling, and crisis intervention for children, adolescents, and adults experiencing mental health challenges.

Recommended Stories