LifeMD, Inc. (NASDAQ:LFMDP) Shares Shorted: Short Interest Down 37.8% in September

LifeMD, Inc. (NASDAQ:LFMDP) was the recipient of a significant decline in short interest in the month of September. As of September 30th, there was short interest totaling 1,623 shares, a decline of 37.8% from the September 15th total of 2,609 shares. Based on an average daily volume of 1,248 shares, the short-interest ratio is currently 1.3 days.

LifeMD Stock Up 1.2%

NASDAQ:LFMDP traded up $0.27 during midday trading on Friday, hitting $22.27. The stock had a trading volume of 803 shares, compared to its average volume of 2,177. The stock has a 50-day moving average of $23.15 and a 200 day moving average of $23.42. LifeMD has a one year low of $18.50 and a one year high of $24.20.

LifeMD Announces Dividend

The company also recently declared 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 of this dividend was Friday, October 2nd. This represents a $2.22 dividend on an annualized basis and a dividend yield of 10.0%.

LifeMD Company Profile

LifeMD, Inc is a U.S.-based telehealth company that provides virtual healthcare services through its digital platform. The company connects patients with licensed healthcare professionals for online consultations, medical evaluations, treatment plans, prescription services and, where appropriate, laboratory testing and ongoing care.

LifeMD offers services across several areas of care, including virtual primary care, weight management, men’s health, women’s health, dermatology, sleep care and behavioral health.