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

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

BrightSpring Health Services Stock Performance

BTSGU traded up $0.15 on Monday, reaching $131.86. 94,879 shares of the company traded hands, compared to its average volume of 49,713. The stock’s 50 day moving average price is $120.90 and its 200-day moving average price is $99.16. BrightSpring Health Services has a 52-week low of $56.77 and a 52-week high of $137.07.

BrightSpring Health Services (NASDAQ:BTSGU) last posted its quarterly earnings results on Thursday, May 2nd. The company reported ($0.10) EPS for the quarter. The firm had revenue of $2.03 billion for the quarter.

BrightSpring Health Services Dividend Announcement

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

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of BTSGU. Van ECK Associates Corp lifted its stake 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. Morningstar Investment Management LLC acquired a new stake in shares of BrightSpring Health Services in the third quarter worth about $829,000. Jane Street Group LLC acquired a new stake in shares of BrightSpring Health Services in the second quarter worth about $870,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of BrightSpring Health Services by 11.0% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 164,260 shares of the company’s stock worth $13,560,000 after acquiring an additional 16,302 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of BrightSpring Health Services by 69.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 43,931 shares of the company’s stock valued at $3,627,000 after acquiring an additional 17,994 shares during the last quarter.

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.