BrightSpring Health Services, Inc. (NASDAQ:BTSGU) Sees Significant Growth in Short Interest

BrightSpring Health Services, Inc. (NASDAQ:BTSGU) was the target of a large increase in short interest during the month of September. As of September 30th, there was short interest totalling 4,900 shares, an increase of 188.2% from the September 15th total of 1,700 shares. Based on an average daily volume of 69,300 shares, the short-interest ratio is presently 0.1 days.

BrightSpring Health Services Trading Up 1.5 %

Shares of NASDAQ:BTSGU opened at $57.83 on Friday. BrightSpring Health Services has a 52 week low of $34.55 and a 52 week high of $58.44. The firm’s fifty day moving average is $51.88 and its 200-day moving average is $47.36.

BrightSpring Health Services Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Tuesday, October 15th will be given a dividend of $0.8438 per share. The ex-dividend date is Tuesday, October 15th. This represents a $3.38 dividend on an annualized basis and a yield of 5.84%.

Institutional Investors Weigh In On BrightSpring Health Services

Several large investors have recently added to or reduced their stakes in BTSGU. Bluefin Capital Management LLC purchased a new stake in BrightSpring Health Services in the 1st quarter valued at $225,000. Gamco Investors INC. ET AL purchased a new stake in shares of BrightSpring Health Services in the first quarter valued at about $270,000. Bank of Montreal Can bought a new position in shares of BrightSpring Health Services during the second quarter valued at about $1,694,000. BlueCrest Capital Management Ltd purchased a new position in BrightSpring Health Services during the first quarter worth about $2,176,000. Finally, Aequim Alternative Investments LP bought a new stake in BrightSpring Health Services in the 1st quarter worth about $4,508,000.

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.