BrightSpring Health Services, Inc. (NASDAQ:BTSGU) Sees Large Decline in Short Interest

BrightSpring Health Services, Inc. (NASDAQ:BTSGU – Get Free Report) was the recipient of a large decline in short interest in the month of September. As of September 15th, there was short interest totaling 2,345 shares, a decline of 97.7% from the August 31st total of 101,011 shares. Based on an average daily trading volume, of 21,750 shares, the short-interest ratio is presently 0.1 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of BrightSpring Health Services in a report on Monday. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, BrightSpring Health Services has a consensus rating of “Hold”.

Check Out Our Latest Analysis on BTSGU

Institutional Inflows and Outflows

An institutional investor recently bought a new position in BrightSpring Health Services stock. GABELLI & Co INVESTMENT ADVISERS INC. bought a new position in BrightSpring Health Services, Inc. (NASDAQ:BTSGU – Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 1,500 shares of the company’s stock, valued at approximately $213,000.

BrightSpring Health Services Price Performance

Shares of BTSGU traded down $2.56 during trading hours on Thursday, reaching $185.07. The company’s stock had a trading volume of 1,306 shares, compared to its average volume of 26,402. The company has a 50 day moving average of $204.38 and a two-hundred day moving average of $189.94. BrightSpring Health Services has a 1-year low of $91.86 and a 1-year high of $255.51.

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.

Further Reading

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