BrightSpring Health Services (BTSGU) Short Interest Ratio & Short Volume

$50.15

-0.49 (-0.97%)

(As of 09/6/2024 ET)

Stock Analysis Chart Competitors Dividend Financials Ownership SEC Filings Short Interest Trends

BrightSpring Health Services Short Interest Data

BrightSpring Health Services (BTSGU) has a short interest of 12,000 shares. This marks a 144.90% increase in short interest from the previous month. The short interest ratio (days to cover) is 0.5, indicating that it would take 0.5 days of the average trading volume of 80,846 shares to cover all short positions.

Current Short Interest: 12,000 shares
Previous Short Interest: 4,900 shares
Change Vs. Previous Month: +144.90%
Dollar Volume Sold Short: $564,480.00
Short Interest Ratio: 0.5 Days to Cover
Last Record Date: August 15, 2024

Today's Trading Volume: 1,392 shares
Average Trading Volume: 80,846 shares
Today's Volume Vs. Average: 2%

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Short Interest Chart Days to Cover Chart Short Percent of Float Chart

BTSGU Short Interest Over Time

BTSGU Days to Cover Over Time

BTSGU Percentage of Float Shorted Over Time

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BrightSpring Health Services Short Interest History

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Report Date	Total Shares Sold Short	Dollar Volume Sold Short	Change from Previous Report	Percentage of Float Shorted	Days to Cover	Price on Report Date
8/15/2024	12,000 shares	$564,480.00	+144.9%	N/A	0.5	$47.04
7/31/2024	4,900 shares	$236,033.00	+6.5%	N/A	0.2	$48.17
7/15/2024	4,600 shares	$208,196.00	No Change	N/A	0.2	$45.26

BTSGU Short Interest - Frequently Asked Questions

What is BrightSpring Health Services' current short interest?: Short interest is the volume of BrightSpring Health Services shares that have been sold short but have not yet been covered or closed out. As of August 15th, traders have sold 12,000 shares of BTSGU short. Learn More on BrightSpring Health Services' current short interest.
Is BrightSpring Health Services' short interest increasing or decreasing?: BrightSpring Health Services saw a increase in short interest in August. As of August 15th, there was short interest totaling 12,000 shares, an increase of 144.9% from the previous total of 4,900 shares. Changes in short volume can be used to identify positive and negative investor sentiment. Investors that short sell a stock are betting that its price will decline in the future. An increase in short sale volume suggests bearish (negative) sentiment among investors. A decrease on short sale volume suggests bullish (positive) sentiment.
How does BrightSpring Health Services' short interest compare to its competitors?: Here is how the short interest of companies in the sector of "medical" compare to BrightSpring Health Services: GE HealthCare Technologies Inc. (2.47%), American Well Co. (5.61%), Forian Inc. (0.90%), American Oncology Network, Inc. (1.87%), Bruush Oral Care Inc. (434.44%),
Which stocks are the most shorted right now?: As of the most recent reporting period, the following stocks had the largest short interest positions: Charter Communications, Inc. ($4.23 billion), Aptiv PLC ($2.50 billion), Royal Caribbean Cruises Ltd. ($2.48 billion), Paychex, Inc. ($2.25 billion), Moderna, Inc. ($2.17 billion), Cencora, Inc. ($2.12 billion), Tractor Supply ($1.93 billion), Onsemi ($1.82 billion), International Paper ($1.81 billion), and Rivian Automotive, Inc. ($1.72 billion). View all of the most shorted stocks.

What does it mean to sell short BrightSpring Health Services stock?: Short selling BTSGU is an investing strategy that aims to generate trading profit from BrightSpring Health Services as its price is falling. BTSGU shares are trading down $0.49 today. To short a stock, an investor borrows shares, sells them and buys the shares back on the public market later to return it to the lender. Short sellers are betting that a stock will decline in price. If the stock does drop after selling, the short seller buys it back at a lower price and returns it to the lender. The difference between the sell price and the buy price is the trader's profit.
How does a short squeeze work against BrightSpring Health Services?: A short squeeze for BrightSpring Health Services occurs when it has a large amount of short interest and its stock increases in price. This forces short sellers to cover their short interest positions by buying actual shares of BTSGU, which in turn drives the price of the stock up even further.
How often is BrightSpring Health Services' short interest reported?: Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including BTSGU, twice per month. The most recent reporting period available is August, 15 2024.