Short Interest in LifeMD, Inc. (NASDAQ:LFMDP) Declines By 62.3%

LifeMD, Inc. (NASDAQ:LFMDP) was the recipient of a large decline in short interest in the month of July. As of July 15th, there was short interest totaling 1,959 shares, a decline of 62.3% from the June 30th total of 5,202 shares. Based on an average daily trading volume, of 4,025 shares, the days-to-cover ratio is currently 0.5 days.

LifeMD Price Performance

NASDAQ:LFMDP opened at $23.45 on Wednesday. LifeMD has a 12-month low of $18.50 and a 12-month high of $24.34. The firm has a 50-day moving average price of $23.49 and a 200 day moving average price of $23.22.

LifeMD Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Friday, July 3rd were given a dividend of $0.5547 per share. The ex-dividend date was Thursday, July 2nd. This represents a $2.22 annualized dividend and a yield of 9.5%.

About LifeMD

LifeMD Inc is a telehealth provider offering personalized virtual medical and wellness services via its digital platform. The company connects patients with licensed healthcare professionals for consultations, diagnosis, and treatment across a broad spectrum of health needs. Through a subscription-based model, LifeMD delivers ongoing support for chronic condition management, preventive care and general health maintenance, aiming to improve access to care and enhance patient convenience.

The company’s service offerings include remote consultations in primary care, hormone replacement therapy, sexual health, weight management, mental wellness and dermatology.