Short Interest in BrightSpring Health Services, Inc. (NASDAQ:BTSGU) Grows By 116.7%

BrightSpring Health Services, Inc. (NASDAQ:BTSGU) was the target of a significant growth in short interest during the month of October. As of October 31st, there was short interest totalling 5,200 shares, a growth of 116.7% from the October 15th total of 2,400 shares. Based on an average daily volume of 82,000 shares, the days-to-cover ratio is currently 0.1 days.

BrightSpring Health Services Trading Up 1.5 %

Shares of BrightSpring Health Services stock traded up $1.04 during trading hours on Friday, reaching $70.67. 2,241 shares of the company’s stock were exchanged, compared to its average volume of 86,734. The company has a 50 day moving average of $58.98 and a two-hundred day moving average of $50.63. BrightSpring Health Services has a fifty-two week low of $34.55 and a fifty-two week high of $72.66.

BrightSpring Health Services Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Tuesday, October 15th were paid a $0.8438 dividend. The ex-dividend date was Tuesday, October 15th. This represents a $3.38 dividend on an annualized basis and a yield of 4.78%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in BTSGU. Van ECK Associates Corp grew its stake in shares of BrightSpring Health Services by 1.6% in the third quarter. Van ECK Associates Corp now owns 323,854 shares of the company’s stock valued at $19,059,000 after buying an additional 4,947 shares in the last quarter. Bluefin Capital Management LLC bought a new stake in shares of BrightSpring Health Services in the 1st quarter valued at about $225,000. Gamco Investors INC. ET AL acquired a new stake in BrightSpring Health Services in the 1st quarter valued at about $270,000. State Street Corp grew its holdings in BrightSpring Health Services by 7.0% during the third quarter. State Street Corp now owns 123,000 shares of the company’s stock worth $6,931,000 after purchasing an additional 8,000 shares during the period. Finally, Highbridge Capital Management LLC increased its position in BrightSpring Health Services by 3.7% during the second quarter. Highbridge Capital Management LLC now owns 302,705 shares of the company’s stock worth $14,248,000 after buying an additional 10,899 shares during the last quarter.

BrightSpring Health Services Company Profile

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.