LifeMD, Inc. (NASDAQ:LFMDP) Sees Large Decrease in Short Interest

LifeMD, Inc. (NASDAQ:LFMDP) was the target of a large drop in short interest in May. As of May 31st, there was short interest totalling 500 shares, a drop of 50.0% from the May 15th total of 1,000 shares. Based on an average daily trading volume, of 6,200 shares, the days-to-cover ratio is presently 0.1 days.

LifeMD Price Performance

LFMDP stock opened at $23.75 on Tuesday. The firm has a fifty day moving average price of $23.93 and a 200 day moving average price of $23.25. LifeMD has a fifty-two week low of $20.33 and a fifty-two week high of $27.44.

LifeMD Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Friday, April 4th were paid a dividend of $0.5547 per share. The ex-dividend date of this dividend was Friday, April 4th. This represents a $2.22 dividend on an annualized basis and a dividend yield of 9.34%.

LifeMD Company Profile

LifeMD, Inc operates as a direct-to-patient telehealth company that connects consumers to healthcare professionals for medical care in the United States. The company offers telehealth platform comprising RexMD, a men's telehealth brand that provides access to virtual medical treatment for a variety of men's health needs from licensed physician; ShapiroMD that provides virtual medical treatment, prescription medications, patented doctor formulated OTC products, topical compounded medications, and medical devices treating male and female hair loss; NavaMD, a female-oriented tele-dermatology that offers virtual medical treatment from dermatologists and other providers; and prescription oral and compounded topical medications to treat aging and acne; and Cleared which provides personalized treatments for allergy, asthma and immunology, including in-home tests for both environmental and food allergies, prescriptions for allergies and asthma and immunotherapies for treating chronic allergies.