LifeMD, Inc. (NASDAQ:LFMDP) Short Interest Update

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

LifeMD Stock Performance

NASDAQ LFMDP traded up $0.11 on Tuesday, reaching $23.44. 1,931 shares of the stock traded hands, compared to its average volume of 2,273. LifeMD has a 12 month low of $18.50 and a 12 month high of $24.34. The firm’s fifty day simple moving average is $23.50 and its 200 day simple moving average is $23.21.

LifeMD Announces Dividend

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

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.