Extendicare Inc. (OTCMKTS:EXETF) Short Interest Update

Extendicare Inc. (OTCMKTS:EXETF – Get Rating) was the recipient of a large drop in short interest during the month of April. As of April 30th, there was short interest totalling 218,700 shares, a drop of 34.0% from the April 15th total of 331,400 shares. Based on an average daily trading volume, of 1,400 shares, the short-interest ratio is currently 156.2 days.

Shares of EXETF stock traded up $0.30 on Friday, reaching $5.57. The stock had a trading volume of 1,000 shares, compared to its average volume of 1,918. Extendicare has a 1 year low of $5.18 and a 1 year high of $7.06. The company has a 50 day simple moving average of $6.02 and a 200 day simple moving average of $5.83.

The business also recently announced a dividend, which will be paid on Monday, May 16th. Investors of record on Friday, April 29th will be given a dividend of $0.0317 per share. The ex-dividend date is Thursday, April 28th. This is an increase from Extendicare’s previous dividend of $0.03. This represents a yield of 6.08%.

A number of equities analysts have recently issued reports on EXETF shares. TD Securities started coverage on Extendicare in a research note on Monday, February 7th. They issued a “hold” rating on the stock. Royal Bank of Canada raised their price target on Extendicare from C$8.00 to C$8.50 in a research note on Thursday, March 3rd.

About Extendicare (Get Rating)

Extendicare Inc, through its subsidiaries, provides care and services for seniors in Canada. The company offers long term care (LTC) services; retirement living services; and home health care services, such as nursing care, occupational, physical and speech therapy, and assistance with daily activities, as well as contract and consulting services to third parties.

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