Extendicare Inc. (OTCMKTS:EXETF – Get Free Report) was the target of a large growth in short interest during the month of May. As of May 31st, there was short interest totalling 656,600 shares, a growth of 51.0% from the May 15th total of 434,900 shares. Based on an average trading volume of 1,500 shares, the days-to-cover ratio is presently 437.7 days.
Extendicare Price Performance
EXETF remained flat at $5.51 during trading on Friday. The stock’s 50 day moving average is $5.45 and its 200-day moving average is $5.37. Extendicare has a 1-year low of $4.10 and a 1-year high of $5.83.
Extendicare Increases Dividend
The company also recently declared a dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 3rd will be paid a $0.0294 dividend. The ex-dividend date is Friday, May 31st. This is an increase from Extendicare’s previous dividend of $0.03. This represents a yield of 6.11%. Extendicare’s payout ratio is -185.01%.
About Extendicare
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.
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