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

BrightSpring Health Services, Inc. (NASDAQ:BTSGU) was the target of a large growth in short interest in the month of May. As of May 15th, there was short interest totaling 14,997 shares, a growth 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 Ratings Changes

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of BrightSpring Health Services in a research note on Friday, March 27th. One equities research 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 Price Performance

BTSGU traded down $3.24 during trading hours on Friday, hitting $202.02. 12,615 shares of the company’s stock were exchanged, compared to its average volume of 28,447. BrightSpring Health Services has a 12-month low of $68.14 and a 12-month high of $205.26. The firm has a 50 day moving average of $164.90 and a 200 day moving average of $140.80.

BrightSpring Health Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 1st. Shareholders of record on Wednesday, April 15th were given a $0.8438 dividend. The ex-dividend date of this dividend was Wednesday, April 15th. This represents a $3.38 dividend on an annualized basis and a dividend yield of 1.7%.

Institutional Investors Weigh In On BrightSpring Health Services

Large investors have recently modified their holdings of the company. Van ECK Associates Corp increased its position in shares of BrightSpring Health Services by 2.1% in the 3rd quarter. Van ECK Associates Corp now owns 244,150 shares of the company’s stock valued at $24,681,000 after purchasing an additional 4,999 shares during the last quarter. SSI Investment Management LLC increased its position in shares of BrightSpring Health Services by 2.7% in the 4th quarter. SSI Investment Management LLC now owns 154,115 shares of the company’s stock valued at $19,426,000 after purchasing an additional 3,980 shares during the last quarter. Bank of America Corp DE purchased a new stake in shares of BrightSpring Health Services in the 1st quarter valued at approximately $6,629,000. Jane Street Group LLC purchased a new stake in shares of BrightSpring Health Services in the 2nd quarter valued at approximately $870,000. Finally, Goldman Sachs Group Inc. purchased a new stake in shares of BrightSpring Health Services in the 1st quarter valued at approximately $3,575,000.

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.