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

LifeMD, Inc. (NASDAQ:LFMDP) was the recipient of a large decrease in short interest in July. As of July 15th, there was short interest totaling 1,959 shares, a decrease of 62.3% from the June 30th total of 5,202 shares. Based on an average daily trading volume, of 4,025 shares, the days-to-cover ratio is currently 0.5 days.

LifeMD Price Performance

Shares of LifeMD stock opened at $23.45 on Monday. The firm has a 50-day moving average of $23.52 and a 200-day moving average of $23.20. LifeMD has a 52-week low of $18.50 and a 52-week high of $24.34.

LifeMD Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Friday, July 3rd were paid a $0.5547 dividend. The ex-dividend date was Thursday, July 2nd. This represents a $2.22 annualized dividend and a yield of 9.5%.

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.