LifeMD, Inc. (NASDAQ:LFMDP) Short Interest Update

LifeMD, Inc. (NASDAQ:LFMDP) saw a significant decrease in short interest in the month of 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 presently 0.3 days.

LifeMD Price Performance

Shares of NASDAQ LFMDP traded up $0.20 during trading hours on Thursday, hitting $23.35. 481 shares of the company’s stock were exchanged, compared to its average volume of 2,235. The company’s 50-day moving average price is $23.38 and its 200-day moving average price is $23.35. LifeMD has a 1-year low of $18.50 and a 1-year high of $24.20.

LifeMD Announces Dividend

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

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.