LifeMD, Inc. (NASDAQ:LFMDP) Short Interest Down 62.3% in July

LifeMD, Inc. (NASDAQ:LFMDP) saw a significant decrease in short interest in the month of 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 volume of 4,025 shares, the days-to-cover ratio is currently 0.5 days.

LifeMD Stock Performance

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

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.