LifeMD, Inc. (NASDAQ:LFMDP) Sees Significant Drop in Short Interest

LifeMD, Inc. (NASDAQ:LFMDP) was the recipient of a significant decline in short interest during the month of August. As of August 14th, there was short interest totaling 820 shares, a decline of 70.9% from the July 30th total of 2,822 shares. Based on an average daily volume of 2,647 shares, the short-interest ratio is presently 0.3 days.

LifeMD Stock Up 0.3%

Shares of NASDAQ:LFMDP traded up $0.07 on Friday, reaching $23.35. 489 shares of the company’s stock were exchanged, compared to its average volume of 2,235. LifeMD has a fifty-two week low of $18.50 and a fifty-two week high of $24.20. The business’s 50-day moving average is $23.38 and its two-hundred day moving average is $23.36.

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 given a dividend of $0.5547 per share. This represents a $2.22 dividend on an annualized basis and a dividend yield of 9.5%. The ex-dividend date of this dividend 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.