BrightSpring Health Services, Inc. (NASDAQ:BTSGU) Short Interest Update

BrightSpring Health Services, Inc. (NASDAQ:BTSGU) was the target of a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 8,700 shares, a growth of 38.1% from the February 28th total of 6,300 shares. Based on an average trading volume of 38,300 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of BTSGU. Aequim Alternative Investments LP lifted its holdings in BrightSpring Health Services by 105.7% in the 4th quarter. Aequim Alternative Investments LP now owns 990,000 shares of the company’s stock valued at $61,974,000 after acquiring an additional 508,779 shares during the last quarter. D. E. Shaw & Co. Inc. raised its holdings in shares of BrightSpring Health Services by 149.4% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 960,000 shares of the company’s stock worth $60,509,000 after purchasing an additional 575,000 shares in the last quarter. Highbridge Capital Management LLC lifted its stake in BrightSpring Health Services by 0.3% during the fourth quarter. Highbridge Capital Management LLC now owns 534,277 shares of the company’s stock valued at $33,446,000 after purchasing an additional 1,770 shares during the last quarter. Voya Investment Management LLC boosted its holdings in BrightSpring Health Services by 10.0% during the fourth quarter. Voya Investment Management LLC now owns 275,000 shares of the company’s stock worth $17,215,000 after buying an additional 25,000 shares in the last quarter. Finally, Sculptor Capital LP grew its position in BrightSpring Health Services by 443.6% in the fourth quarter. Sculptor Capital LP now owns 274,770 shares of the company’s stock worth $17,201,000 after buying an additional 224,224 shares during the last quarter.

BrightSpring Health Services Price Performance

Shares of NASDAQ:BTSGU opened at $65.00 on Tuesday. The stock’s 50 day moving average price is $72.15 and its 200 day moving average price is $66.27. BrightSpring Health Services has a 12 month low of $41.24 and a 12 month high of $89.00.

BrightSpring Health Services Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Tuesday, April 15th will be issued a $0.8437 dividend. The ex-dividend date is Tuesday, April 15th. This represents a $3.37 annualized dividend and a dividend yield of 5.19%.

BrightSpring Health Services Company Profile

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.