BrightSpring Health Services, Inc. (NASDAQ:BTSGU) Stock Short Interest Falls 97.7%

BrightSpring Health Services, Inc. (NASDAQ:BTSGU) saw a significant decline in short interest during 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 trading volume of 21,750 shares, the days-to-cover ratio is currently 0.1 days.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “hold (c)” rating on shares of BrightSpring Health Services in a research report on Monday. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, BrightSpring Health Services presently has an average rating of “Hold”.

Hedge Funds Weigh In On BrightSpring Health Services

A hedge fund recently bought a new position in BrightSpring Health Services stock. Bank of America Corp DE acquired a new stake in BrightSpring Health Services, Inc. (NASDAQ:BTSGU) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 46,668 shares of the company’s stock, valued at approximately $6,629,000.

BrightSpring Health Services Price Performance

BTSGU stock traded up $2.13 during mid-day trading on Friday, reaching $186.74. The company had a trading volume of 1,008 shares, compared to its average volume of 26,254. The firm has a 50 day moving average of $203.46 and a 200 day moving average of $189.92. BrightSpring Health Services has a 12 month low of $93.40 and a 12 month high of $255.51.

BrightSpring Health Services Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Sunday, November 1st. Shareholders of record on Thursday, October 15th will be given a dividend of $0.8438 per share. This is a boost from BrightSpring Health Services’s previous quarterly dividend of $0.8437. The ex-dividend date of this dividend is Thursday, October 15th. This represents a $3.38 dividend on an annualized basis and a yield of 1.8%.

BrightSpring Health Services Company Profile

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.