BrightSpring Health Services, Inc. (NASDAQ:BTSGU) Short Interest Up 405.1% in May

BrightSpring Health Services, Inc. (NASDAQ:BTSGU) was the target of a significant growth in short interest during the month of May. As of May 15th, there was short interest totaling 14,997 shares, a growth of 405.1% from the April 30th total of 2,969 shares. Based on an average trading volume of 45,326 shares, the short-interest ratio is currently 0.3 days.

Institutional Investors Weigh In On BrightSpring Health Services

Several large investors have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. acquired a new position in BrightSpring Health Services in the first quarter valued at approximately $3,575,000. Bank of America Corp DE bought a new position in shares of BrightSpring Health Services during the 1st quarter worth approximately $6,629,000. JPMorgan Chase & Co. grew its position in shares of 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 buying an additional 17,994 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of 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 buying an additional 16,302 shares during the period. Finally, Jane Street Group LLC bought a new stake in shares of BrightSpring Health Services in the 2nd quarter valued at $870,000.

BrightSpring Health Services Price Performance

Shares of BTSGU opened at $200.83 on Thursday. The firm’s fifty day simple moving average is $162.50 and its two-hundred day simple moving average is $139.74. BrightSpring Health Services has a 12 month low of $68.14 and a 12 month high of $200.83.

BrightSpring Health Services Dividend Announcement

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

Analysts Set New Price Targets

Separately, Weiss Ratings restated 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 data from MarketBeat, the stock has an average rating of “Hold”.

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.