BrightSpring Health Services, Inc. (NASDAQ:BTSGU) Short Interest Up 3,355.7% in December

BrightSpring Health Services, Inc. (NASDAQ:BTSGU) was the target of a significant increase in short interest during the month of December. As of December 31st, there was short interest totaling 18,868 shares, an increase of 3,355.7% from the December 15th total of 546 shares. Based on an average daily volume of 36,854 shares, the short-interest ratio is currently 0.5 days. Based on an average daily volume of 36,854 shares, the short-interest ratio is currently 0.5 days.

Analyst Upgrades and Downgrades

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

BrightSpring Health Services Stock Performance

Shares of BTSGU stock opened at $130.21 on Wednesday. The firm’s 50 day moving average is $121.29 and its 200 day moving average is $99.50. BrightSpring Health Services has a 12 month low of $56.77 and a 12 month high of $137.07.

BrightSpring Health Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Sunday, February 1st. Stockholders of record on Thursday, January 15th will be issued a $0.8438 dividend. This represents a $3.38 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend is Thursday, January 15th.

Institutional Trading of BrightSpring Health Services

A number of hedge funds and other institutional investors have recently made changes to their positions in BTSGU. Aequim Alternative Investments LP grew its holdings in BrightSpring Health Services by 13.2% during the 2nd quarter. Aequim Alternative Investments LP now owns 1,290,000 shares of the company’s stock valued at $106,490,000 after buying an additional 150,000 shares in the last quarter. Bank of Montreal Can bought a new position in shares of BrightSpring Health Services in the second quarter valued at approximately $99,696,000. Wolverine Asset Management LLC boosted its position in shares of BrightSpring Health Services by 27.4% in the third quarter. Wolverine Asset Management LLC now owns 554,985 shares of the company’s stock valued at $56,199,000 after acquiring an additional 119,322 shares during the period. Voya Investment Management LLC grew its stake in BrightSpring Health Services by 12.7% during the first quarter. Voya Investment Management LLC now owns 310,000 shares of the company’s stock valued at $20,150,000 after acquiring an additional 35,000 shares in the last quarter. Finally, Van ECK Associates Corp increased its holdings in BrightSpring Health Services by 2.1% during the 3rd quarter. Van ECK Associates Corp now owns 244,150 shares of the company’s stock worth $24,681,000 after acquiring an additional 4,999 shares during the period.

BrightSpring Health Services Company Profile

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.