LifeMD, Inc. (NASDAQ:LFMDP) Sees Large Decline in Short Interest

LifeMD, Inc. (NASDAQ:LFMDP) was the recipient of a large decrease in short interest in the month of September. As of September 30th, there was short interest totaling 1,623 shares, a decrease of 37.8% from the September 15th total of 2,609 shares. Based on an average daily volume of 1,248 shares, the short-interest ratio is presently 1.3 days.

LifeMD Stock Performance

LFMDP stock traded up $0.27 during trading on Friday, hitting $22.27. 803 shares of the company’s stock traded hands, compared to its average volume of 2,177. The business has a fifty day simple moving average of $23.15 and a two-hundred day simple moving average of $23.42. LifeMD has a 1 year low of $18.50 and a 1 year high of $24.20.

LifeMD Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Friday, October 2nd were issued a $0.5547 dividend. The ex-dividend date was Friday, October 2nd. This represents a $2.22 dividend on an annualized basis and a dividend yield of 10.0%.

LifeMD Company Profile

LifeMD, Inc is a U.S.-based telehealth company that provides virtual healthcare services through its digital platform. The company connects patients with licensed healthcare professionals for online consultations, medical evaluations, treatment plans, prescription services and, where appropriate, laboratory testing and ongoing care.

LifeMD offers services across several areas of care, including virtual primary care, weight management, men’s health, women’s health, dermatology, sleep care and behavioral health.