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

BrightSpring Health Services, Inc. (NASDAQ:BTSGU) was the target of a significant 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 daily volume of 45,326 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Trading of BrightSpring Health Services

Several hedge funds have recently bought and sold shares of the business. Virtus Advisers LLC acquired a new position in BrightSpring Health Services during the fourth quarter worth $25,000. GABELLI & Co INVESTMENT ADVISERS INC. bought a new stake in shares of BrightSpring Health Services during the first quarter worth about $213,000. Jane Street Group LLC raised its holdings in shares of BrightSpring Health Services by 88.4% in the 4th quarter. Jane Street Group LLC now owns 4,946 shares of the company’s stock worth $624,000 after acquiring an additional 2,321 shares during the last quarter. Morningstar Investment Management LLC bought a new position in BrightSpring Health Services in the 3rd quarter valued at about $829,000. Finally, Goldman Sachs Group Inc. bought a new position in BrightSpring Health Services in the 1st quarter valued at about $3,575,000.

BrightSpring Health Services Stock Performance

Shares of NASDAQ:BTSGU opened at $200.83 on Thursday. BrightSpring Health Services has a 52-week low of $68.14 and a 52-week high of $200.83. The business’s 50 day simple moving average is $162.50 and its two-hundred day simple moving average is $139.74.

BrightSpring Health Services Announces Dividend

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

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of BrightSpring Health Services in a report on Friday, March 27th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company currently has a consensus rating of “Hold”.

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.