Short Interest in BrightSpring Health Services, Inc. (NASDAQ:BTSGU) Decreases By 80.7%

BrightSpring Health Services, Inc. (NASDAQ:BTSGU) saw a significant decline in short interest during the month of May. As of May 29th, there was short interest totaling 2,898 shares, a decline of 80.7% from the May 14th total of 14,997 shares. Based on an average trading volume of 22,869 shares, the short-interest ratio is presently 0.1 days.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Goldman Sachs Group Inc. bought a new stake in shares of BrightSpring Health Services during the first quarter worth approximately $3,575,000. Bank of America Corp DE bought a new position in BrightSpring Health Services in the first quarter valued at approximately $6,629,000. JPMorgan Chase & Co. grew its holdings in BrightSpring Health Services by 69.4% during the 2nd 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 during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in 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 during the period. Finally, Jane Street Group LLC bought a new stake in shares of BrightSpring Health Services during the 2nd quarter valued at $870,000.

Wall Street Analysts Forecast Growth

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

BrightSpring Health Services Stock Performance

BTSGU stock opened at $203.01 on Wednesday. BrightSpring Health Services has a twelve month low of $68.14 and a twelve month high of $205.87. The business has a fifty day moving average of $172.36 and a 200-day moving average of $145.26.

BrightSpring Health Services Dividend Announcement

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

About BrightSpring Health Services

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.