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 days-to-cover ratio is currently 0.1 days.

LifeMD Trading Up 1.8%

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

LifeMD Announces Dividend

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

About LifeMD

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.