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

BrightSpring Health Services, Inc. (NASDAQ:BTSGU) was the recipient of a large growth in short interest in January. As of January 30th, there was short interest totaling 31,449 shares, a growth of 282.4% from the January 15th total of 8,225 shares. Based on an average trading volume of 2,191 shares, the days-to-cover ratio is presently 14.4 days. Based on an average trading volume of 2,191 shares, the days-to-cover ratio is presently 14.4 days.

BrightSpring Health Services Price Performance

Shares of NASDAQ:BTSGU opened at $131.71 on Wednesday. BrightSpring Health Services has a 1-year low of $56.77 and a 1-year high of $137.07. The business has a 50-day moving average price of $128.13 and a two-hundred day moving average price of $107.62.

BrightSpring Health Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Sunday, February 1st. Investors of record on Thursday, January 15th were paid a dividend of $0.8438 per share. This represents a $3.38 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend was Thursday, January 15th.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of BrightSpring Health Services in a research note on Monday, December 29th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Institutional Trading of BrightSpring Health Services

A number of institutional investors have recently bought and sold shares of the business. Morningstar Investment Management LLC bought a new stake in shares of BrightSpring Health Services during the 3rd quarter valued at $829,000. Jane Street Group LLC acquired a new stake in shares of BrightSpring Health Services during the second quarter worth $870,000. Goldman Sachs Group Inc. bought a new stake in BrightSpring Health Services in the first quarter valued at about $3,575,000. JPMorgan Chase & Co. lifted its stake in BrightSpring Health Services by 69.4% in the second quarter. JPMorgan Chase & Co. now owns 43,931 shares of the company’s stock valued at $3,627,000 after buying an additional 17,994 shares during the period. Finally, Norges Bank acquired a new position in BrightSpring Health Services in the second quarter valued at about $5,780,000.

About BrightSpring Health Services

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.