Short Interest in Extendicare Inc. (OTCMKTS:EXETF) Grows By 39.0%

Extendicare Inc. (OTCMKTS:EXETF – Get Rating) was the target of a large growth in short interest during the month of February. As of February 28th, there was short interest totalling 845,700 shares, a growth of 39.0% from the February 13th total of 608,600 shares. Based on an average trading volume of 4,000 shares, the days-to-cover ratio is currently 211.4 days.

Analyst Ratings Changes

A number of equities analysts recently issued reports on EXETF shares. Royal Bank of Canada decreased their target price on Extendicare from C$8.00 to C$7.50 in a report on Thursday, November 17th. National Bank Financial decreased their target price on Extendicare from C$7.50 to C$7.00 in a report on Monday, January 30th.

Extendicare Trading Down 0.5 %

Shares of EXETF stock opened at $4.63 on Tuesday. Extendicare has a 1-year low of $4.63 and a 1-year high of $6.33. The stock’s fifty day simple moving average is $4.90 and its 200-day simple moving average is $5.04.

Extendicare Cuts Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, March 15th. Stockholders of record on Tuesday, February 28th will be issued a dividend of $0.0298 per share. The ex-dividend date is Monday, February 27th. This represents a dividend yield of 7.11%. Extendicare’s dividend payout ratio is -185.01%.

About Extendicare

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Extendicare, Inc is a holding company, which engages in the provision of nursing care, home health care, retirement living, and management and consulting services. It operates through the following business segments: Long-Term Care, Retirement Living, Home Health Care, and Other Services. The Long-Term Care segment represents long-term care centers the company owns and operates in the country.