Short Interest in LifeMD, Inc. (NASDAQ:LFMDP) Increases By 59.1%

LifeMD, Inc. (NASDAQ:LFMDP) was the recipient of 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 Price Performance

LifeMD stock traded up $0.27 during trading on Wednesday, reaching $24.02. The company had a trading volume of 221 shares, compared to its average volume of 2,166. LifeMD has a 1-year low of $18.50 and a 1-year high of $24.34. The firm’s 50-day simple moving average is $23.72 and its 200 day simple moving average is $22.96.

LifeMD Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Friday, April 3rd were given a dividend of $0.5547 per share. This represents a $2.22 annualized dividend and a dividend yield of 9.2%. The ex-dividend date was Thursday, April 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.