LifeMD, Inc. (NASDAQ:LFMDP) Sees Large Decline in Short Interest

LifeMD, Inc. (NASDAQ:LFMDP) saw a significant drop in short interest in the month of July. As of July 31st, there was short interest totalling 4,900 shares, a drop of 10.9% from the July 15th total of 5,500 shares. Based on an average trading volume of 3,300 shares, the days-to-cover ratio is presently 1.5 days.

LifeMD Stock Performance

LifeMD stock opened at $22.02 on Tuesday. The business has a 50-day simple moving average of $22.38 and a 200 day simple moving average of $21.76. LifeMD has a 52 week low of $17.15 and a 52 week high of $25.00.

LifeMD Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, July 5th were given a dividend of $0.5547 per share. This represents a $2.22 annualized dividend and a dividend yield of 10.08%. The ex-dividend date of this dividend was Friday, July 5th.

About LifeMD

LifeMD, Inc operates as a direct-to-patient telehealth company that connects consumers to healthcare professionals for medical care in the United States. The company offers telehealth platform comprising RexMD, a men's telehealth brand that provides access to virtual medical treatment for a variety of men's health needs from licensed physician; ShapiroMD that provides virtual medical treatment, prescription medications, patented doctor formulated OTC products, topical compounded medications, and medical devices treating male and female hair loss; NavaMD, a female-oriented tele-dermatology that offers virtual medical treatment from dermatologists and other providers; and prescription oral and compounded topical medications to treat aging and acne; and Cleared which provides personalized treatments for allergy, asthma and immunology, including in-home tests for both environmental and food allergies, prescriptions for allergies and asthma and immunotherapies for treating chronic allergies.