LifeMD, Inc. (NASDAQ:LFMDP) Shares Shorted: Short Interest Down 89.8% in October

LifeMD, Inc. (NASDAQ:LFMDP) was the target of a significant drop in short interest in October. As of October 30th, there was short interest totaling 132 shares, a drop of 89.8% from the October 15th total of 1,290 shares. Based on an average daily volume of 1,202 shares, the short-interest ratio is currently 0.1 days.

LifeMD Trading Up 1.8%

LFMDP stock traded up $0.37 during mid-day trading on Wednesday, hitting $21.28. 2,510 shares of the stock were exchanged, compared to its average volume of 2,144. The business has a fifty day moving average price of $22.47 and a 200 day moving average price of $23.10. LifeMD has a 12 month low of $18.50 and a 12 month high of $24.20.

LifeMD Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Friday, October 2nd were issued a dividend of $0.5547 per share. This represents a $2.22 dividend on an annualized basis and a dividend yield of 10.4%. The ex-dividend date of this dividend was Friday, October 2nd.

LifeMD Company Profile

LifeMD, Inc. is a telehealth company that connects patients with healthcare professionals through its digital platform. Its services include virtual primary care and specialty programs, including care for weight management and men’s health. Depending on the service, patients may receive medical consultations, prescriptions, and related treatment support. The company also operates consumer health brands, including Rex MD, which focuses on men’s health, and ShapiroMD, which offers hair-loss products.