BrightSpring Health Services, Inc. (NASDAQ:BTSGU) Sees Large Decline in Short Interest

BrightSpring Health Services, Inc. (NASDAQ:BTSGU) was the recipient of a large decrease in short interest in September. As of September 15th, there was short interest totaling 2,345 shares, a decrease of 97.7% from the August 31st total of 101,011 shares. Based on an average daily trading volume, of 21,750 shares, the short-interest ratio is presently 0.1 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “hold (c)” rating on shares of BrightSpring Health Services in a research report on Monday. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has a consensus rating of “Hold”.

Institutional Investors Weigh In On BrightSpring Health Services

A hedge fund recently bought a new position in BrightSpring Health Services stock. Bank of America Corp DE bought a new position in shares of BrightSpring Health Services, Inc. (NASDAQ:BTSGU) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 46,668 shares of the company’s stock, valued at approximately $6,629,000.

BrightSpring Health Services Trading Down 1.4%

BrightSpring Health Services stock traded down $2.56 during mid-day trading on Thursday, hitting $185.07. The company’s stock had a trading volume of 1,306 shares, compared to its average volume of 26,402. BrightSpring Health Services has a twelve month low of $91.86 and a twelve month high of $255.51. The stock’s fifty day moving average price is $204.38 and its two-hundred day moving average price is $189.94.

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.