Short Interest in BrightSpring Health Services, Inc. (NASDAQ:BTSGU) Declines By 42.8%

BrightSpring Health Services, Inc. (NASDAQ:BTSGU) saw a large drop in short interest in the month of April. As of April 30th, there was short interest totaling 2,969 shares, a drop of 42.8% from the April 15th total of 5,195 shares. Based on an average daily trading volume, of 58,646 shares, the days-to-cover ratio is currently 0.1 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of BrightSpring Health Services in a research report on Friday, March 27th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has an average rating of “Hold”.

BrightSpring Health Services Stock Performance

NASDAQ BTSGU traded up $5.79 during mid-day trading on Friday, hitting $192.21. The company’s stock had a trading volume of 6,147 shares, compared to its average volume of 28,938. The company’s 50 day simple moving average is $153.32 and its 200 day simple moving average is $135.03. BrightSpring Health Services has a twelve month low of $68.14 and a twelve month high of $192.13.

BrightSpring Health Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 1st. Investors of record on Wednesday, April 15th were given a $0.8438 dividend. The ex-dividend date of this dividend was Wednesday, April 15th. This represents a $3.38 annualized dividend and a yield of 1.8%.

Institutional Trading of BrightSpring Health Services

Several hedge funds have recently bought and sold shares of BTSGU. Goldman Sachs Group Inc. acquired a new stake in BrightSpring Health Services in the 1st quarter valued at $3,575,000. JPMorgan Chase & Co. grew its position in BrightSpring Health Services by 69.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 43,931 shares of the company’s stock valued at $3,627,000 after purchasing an additional 17,994 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in BrightSpring Health Services by 11.0% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 164,260 shares of the company’s stock valued at $13,560,000 after purchasing an additional 16,302 shares during the period. Jane Street Group LLC acquired a new stake in BrightSpring Health Services in the 2nd quarter valued at $870,000. Finally, Van ECK Associates Corp grew its position in BrightSpring Health Services by 2.1% in the 3rd quarter. Van ECK Associates Corp now owns 244,150 shares of the company’s stock valued at $24,681,000 after purchasing an additional 4,999 shares during the period.

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.