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

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

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Bank of Montreal Can bought a new stake in BrightSpring Health Services during the 2nd quarter valued at $1,694,000. BlueCrest Capital Management Ltd raised its stake in shares of BrightSpring Health Services by 710.2% during the third quarter. BlueCrest Capital Management Ltd now owns 56,244 shares of the company’s stock valued at $3,135,000 after acquiring an additional 49,302 shares during the last quarter. State Street Corp raised its stake in shares of BrightSpring Health Services by 7.0% during the third quarter. State Street Corp now owns 123,000 shares of the company’s stock valued at $6,931,000 after acquiring an additional 8,000 shares during the last quarter. Wolverine Asset Management LLC boosted its holdings in shares of BrightSpring Health Services by 8.7% during the second quarter. Wolverine Asset Management LLC now owns 185,966 shares of the company’s stock worth $8,541,000 after purchasing an additional 14,943 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of BrightSpring Health Services in the second quarter worth about $11,768,000.

BrightSpring Health Services Price Performance

Shares of BTSGU stock traded down $0.15 on Tuesday, hitting $62.60. 83,697 shares of the company’s stock traded hands, compared to its average volume of 89,576. The company’s fifty day simple moving average is $65.85 and its 200 day simple moving average is $55.56. BrightSpring Health Services has a one year low of $34.55 and a one year high of $72.66.

BrightSpring Health Services Dividend Announcement

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

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.