Short Interest in LifeMD, Inc. (NASDAQ:LFMDP) Expands By 296.0%

LifeMD, Inc. (NASDAQ:LFMDP) was the target of a large growth in short interest in August. As of August 31st, there was short interest totaling 3,247 shares, a growth of 296.0% from the August 15th total of 820 shares. Based on an average trading volume of 1,274 shares, the days-to-cover ratio is currently 2.5 days.

LifeMD Stock Down 0.2%

NASDAQ LFMDP traded down $0.04 during trading hours on Friday, hitting $22.96. The company had a trading volume of 2,355 shares, compared to its average volume of 2,222. LifeMD has a fifty-two week low of $18.50 and a fifty-two week high of $24.20. The firm’s 50 day moving average is $23.35 and its 200 day moving average is $23.41.

LifeMD Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Friday, July 3rd were given a $0.5547 dividend. The ex-dividend date of this dividend was Thursday, July 2nd. This represents a $2.22 annualized dividend and a dividend yield of 9.7%.

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.