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

LifeMD, Inc. (NASDAQ:LFMDP) saw a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 3,247 shares, an increase of 296.0% from the August 15th total of 820 shares. Based on an average daily volume of 1,274 shares, the short-interest ratio is presently 2.5 days.

LifeMD Stock Down 0.2%

Shares of NASDAQ LFMDP opened at $22.96 on Friday. LifeMD has a 1 year low of $18.50 and a 1 year high of $24.20. The firm’s 50-day moving average is $23.35 and its 200-day moving average is $23.41.

LifeMD Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Friday, July 3rd were issued a $0.5547 dividend. This represents a $2.22 annualized dividend and a yield of 9.7%. The ex-dividend date was Thursday, July 2nd.

LifeMD Company Profile

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.