Short Interest in LifeMD, Inc. (NASDAQ:LFMDP) Drops By 70.9%

LifeMD, Inc. (NASDAQ:LFMDP) was the recipient of a large decrease in short interest in August. As of August 14th, there was short interest totaling 820 shares, a decrease of 70.9% from the July 30th total of 2,822 shares. Based on an average trading volume of 2,647 shares, the short-interest ratio is currently 0.3 days.

LifeMD Stock Up 0.9%

LFMDP traded up $0.20 during trading on Thursday, reaching $23.35. 481 shares of the company’s stock were exchanged, compared to its average volume of 2,235. LifeMD has a fifty-two week low of $18.50 and a fifty-two week high of $24.20. The business has a 50 day moving average price of $23.38 and a 200 day moving average price of $23.35.

LifeMD Dividend Announcement

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

About LifeMD

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.