BrightSpring Health Services, Inc. (NASDAQ:BTSGU) Short Interest Up 366.1% in August

BrightSpring Health Services, Inc. (NASDAQ:BTSGUGet Free Report) was the recipient of a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 101,011 shares, an increase of 366.1% from the August 15th total of 21,671 shares. Based on an average daily volume of 3,434 shares, the days-to-cover ratio is presently 29.4 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of BrightSpring Health Services in a research note on Wednesday, June 24th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, BrightSpring Health Services presently has a consensus rating of “Hold”.

View Our Latest Report on BTSGU

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in BTSGU. Goldman Sachs Group Inc. bought a new stake in shares of BrightSpring Health Services during the first quarter valued at approximately $3,575,000. JPMorgan Chase & Co. increased 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 purchasing an additional 17,994 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position 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 valued at $13,560,000 after purchasing an additional 16,302 shares in the last quarter. Jane Street Group LLC bought a new stake in BrightSpring Health Services during the 2nd quarter valued at $870,000. Finally, Morningstar Investment Management LLC purchased a new stake in shares of BrightSpring Health Services in the 3rd quarter worth $829,000.

BrightSpring Health Services Price Performance

Shares of BTSGU stock traded up $0.87 on Friday, reaching $194.08. 2,349 shares of the company’s stock were exchanged, compared to its average volume of 27,618. BrightSpring Health Services has a 52 week low of $91.18 and a 52 week high of $255.51. The company’s fifty day simple moving average is $211.86 and its 200 day simple moving average is $186.30.

BrightSpring Health Services Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Saturday, August 1st. Stockholders of record on Wednesday, July 15th were paid a dividend of $0.8437 per share. This represents a $3.37 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend was Wednesday, July 15th.

About BrightSpring Health Services

(Get Free Report)

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.

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