Short Interest in Extendicare Inc. (OTCMKTS:EXETF) Increases By 7.7%

Extendicare Inc. (OTCMKTS:EXETF) saw a large growth in short interest in December. As of December 31st, there was short interest totalling 637,800 shares, a growth of 7.7% from the December 15th total of 592,000 shares. Based on an average daily volume of 1,800 shares, the days-to-cover ratio is currently 354.3 days.

Extendicare Price Performance

OTCMKTS EXETF opened at $7.15 on Tuesday. The company has a fifty day simple moving average of $7.27 and a 200 day simple moving average of $6.63. Extendicare has a 12-month low of $4.74 and a 12-month high of $7.80.

Extendicare Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, February 14th. Stockholders of record on Monday, February 3rd will be issued a $0.0279 dividend. The ex-dividend date is Friday, January 31st. This represents a dividend yield of 4.65%. Extendicare’s dividend payout ratio is currently -185.01%.

Extendicare Company Profile

Extendicare Inc, through its subsidiaries, provides care and services for seniors in Canada. The company offers long term care (LTC) services; and home health care services, such as nursing care, occupational, physical and speech therapy, and assistance with daily activities, as well as management, consulting, and other services to third parties.