BrightSpring Health Services, Inc. (NASDAQ:BTSGU) Short Interest Up 22.2% in December

BrightSpring Health Services, Inc. (NASDAQ:BTSGU) was the target of a large growth in short interest in the month of December. As of December 15th, there was short interest totalling 3,300 shares, a growth of 22.2% from the November 30th total of 2,700 shares. Based on an average trading volume of 89,100 shares, the short-interest ratio is currently 0.0 days.

BrightSpring Health Services Stock Performance

BTSGU stock traded down $0.15 during midday trading on Tuesday, hitting $62.60. 83,697 shares of the company’s stock were exchanged, compared to its average volume of 89,292. BrightSpring Health Services has a one year low of $34.55 and a one year high of $72.66. The stock’s fifty day moving average price is $65.85 and its 200-day moving average price is $55.56.

BrightSpring Health Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Tuesday, October 15th were given a dividend of $0.8438 per share. This represents a $3.38 annualized dividend and a dividend yield of 5.39%. The ex-dividend date was Tuesday, October 15th.

Institutional Investors Weigh In On BrightSpring Health Services

Several institutional investors have recently added to or reduced their stakes in the stock. Aequim Alternative Investments LP lifted its stake in BrightSpring Health Services by 381.2% in the 3rd quarter. Aequim Alternative Investments LP now owns 481,221 shares of the company’s stock valued at $26,823,000 after acquiring an additional 381,221 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of BrightSpring Health Services in the second quarter worth $11,768,000. BlueCrest Capital Management Ltd boosted its holdings in BrightSpring Health Services by 710.2% during the third quarter. BlueCrest Capital Management Ltd now owns 56,244 shares of the company’s stock worth $3,135,000 after purchasing an additional 49,302 shares during the last quarter. Bank of Montreal Can bought a new position in BrightSpring Health Services in the second quarter valued at $1,694,000. Finally, Van ECK Associates Corp increased its stake in BrightSpring Health Services by 12.6% in the 2nd quarter. Van ECK Associates Corp now owns 318,907 shares of the company’s stock valued at $15,011,000 after buying an additional 35,649 shares during the last quarter.

About BrightSpring Health Services

BrightSpring Health Services, Inc operates a home and community-based healthcare services platform in the United States. The company's platform focuses on delivering pharmacy and provider services, including clinical and supportive care in home and community settings to Medicare, Medicaid, and insured populations.