BrightSpring Health Services, Inc. (NASDAQ:BTSGU) Short Interest Down 56.4% in January

BrightSpring Health Services, Inc. (NASDAQ:BTSGU) was the recipient of a significant drop in short interest during the month of January. As of January 15th, there was short interest totaling 8,225 shares, a drop of 56.4% from the December 31st total of 18,868 shares. Based on an average trading volume of 45,571 shares, the days-to-cover ratio is presently 0.2 days. Based on an average trading volume of 45,571 shares, the days-to-cover ratio is presently 0.2 days.

BrightSpring Health Services Stock Up 1.9%

Shares of NASDAQ BTSGU opened at $133.48 on Friday. The business’s fifty day moving average price is $126.38 and its two-hundred day moving average price is $103.77. BrightSpring Health Services has a 1-year low of $56.77 and a 1-year high of $137.07.

BrightSpring Health Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Sunday, February 1st. Investors of record on Thursday, January 15th will be paid a $0.8438 dividend. The ex-dividend date of this dividend is Thursday, January 15th. This represents a $3.38 dividend on an annualized basis and a yield of 2.5%.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On BrightSpring Health Services

A number of large investors have recently made changes to their positions in BTSGU. Morningstar Investment Management LLC purchased a new position in BrightSpring Health Services during the third quarter valued at approximately $829,000. Jane Street Group LLC purchased a new position in shares of BrightSpring Health Services during the 2nd quarter valued at $870,000. Goldman Sachs Group Inc. acquired a new position in shares of BrightSpring Health Services in the first quarter worth $3,575,000. JPMorgan Chase & Co. raised its holdings in shares of BrightSpring Health Services by 69.4% during the second quarter. JPMorgan Chase & Co. now owns 43,931 shares of the company’s stock worth $3,627,000 after acquiring an additional 17,994 shares in the last quarter. Finally, Norges Bank acquired a new stake in BrightSpring Health Services during the second quarter valued at $5,780,000.

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.