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

LifeMD, Inc. (NASDAQ:LFMDP) saw a significant drop in short interest in the month of August. As of August 14th, there was short interest totaling 820 shares, a drop of 70.9% from the July 30th total of 2,822 shares. Based on an average daily volume of 2,647 shares, the short-interest ratio is presently 0.3 days.

LifeMD Stock Performance

NASDAQ:LFMDP remained flat at $23.28 during mid-day trading on Friday. The company had a trading volume of 505 shares, compared to its average volume of 2,235. The stock’s fifty day moving average price is $23.38 and its 200-day moving average price is $23.36. LifeMD has a 1-year low of $18.50 and a 1-year high of $24.20.

LifeMD Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Friday, July 3rd were issued a dividend of $0.5547 per share. The ex-dividend date of this dividend was Thursday, July 2nd. This represents a $2.22 dividend on an annualized basis and a dividend 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.