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

LifeMD, Inc. (NASDAQ:LFMDP) saw a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 4,168 shares, a growth of 59.1% from the May 14th total of 2,619 shares. Based on an average trading volume of 1,476 shares, the days-to-cover ratio is presently 2.8 days.

LifeMD Trading Up 0.3%

Shares of NASDAQ LFMDP opened at $23.83 on Thursday. LifeMD has a 12 month low of $18.50 and a 12 month high of $24.34. The stock has a 50 day moving average of $23.74 and a 200-day moving average of $22.97.

LifeMD Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Friday, April 3rd were paid a dividend of $0.5547 per share. This represents a $2.22 annualized dividend and a dividend yield of 9.3%. The ex-dividend date was Thursday, April 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.