BrightSpring Health Services, Inc. (NASDAQ:BTSGU) Short Interest Up 81.8% in December

BrightSpring Health Services, Inc. (NASDAQ:BTSGU) was the target of a significant growth in short interest in December. As of December 31st, there was short interest totalling 6,000 shares, a growth of 81.8% from the December 15th total of 3,300 shares. Based on an average daily volume of 79,700 shares, the days-to-cover ratio is currently 0.1 days.

BrightSpring Health Services Trading Down 0.4 %

BTSGU traded down $0.25 on Wednesday, hitting $65.57. 8,551 shares of the company were exchanged, compared to its average volume of 29,783. The firm has a 50-day moving average price of $66.72 and a two-hundred day moving average price of $57.14. BrightSpring Health Services has a twelve month low of $34.55 and a twelve month high of $72.66.

BrightSpring Health Services Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Saturday, February 1st. Shareholders of record on Wednesday, January 15th will be issued a dividend of $0.8438 per share. This represents a $3.38 dividend on an annualized basis and a yield of 5.15%. The ex-dividend date is Wednesday, January 15th.

Institutional Investors Weigh In On BrightSpring Health Services

Institutional investors have recently added to or reduced their stakes in the business. Aequim Alternative Investments LP raised its stake in BrightSpring Health Services by 381.2% during 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 during the last quarter. Van ECK Associates Corp boosted its holdings 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 acquiring an additional 4,947 shares in the last quarter. Highbridge Capital Management LLC raised its holdings 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 purchasing an additional 10,899 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of BrightSpring Health Services during the 2nd quarter worth approximately $11,768,000. Finally, State Street Corp lifted its holdings in shares of BrightSpring Health Services by 7.0% in the 3rd quarter. State Street Corp now owns 123,000 shares of the company’s stock valued at $6,931,000 after buying an additional 8,000 shares during the period.

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.