Short Interest in Extendicare Inc. (OTCMKTS:EXETF) Drops By 10.8%

Extendicare Inc. (OTCMKTS:EXETF) was the target of a significant decrease in short interest during the month of June. As of June 15th, there was short interest totalling 586,000 shares, a decrease of 10.8% from the May 31st total of 656,600 shares. Based on an average daily trading volume, of 1,900 shares, the short-interest ratio is presently 308.4 days.

Extendicare Stock Performance

Shares of EXETF remained flat at $5.32 during mid-day trading on Monday. 130 shares of the company were exchanged, compared to its average volume of 3,994. Extendicare has a 12-month low of $4.10 and a 12-month high of $5.83. The company has a 50-day moving average of $5.46 and a two-hundred day moving average of $5.38.

Extendicare Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Monday, July 15th. Investors of record on Monday, July 1st will be issued a $0.0291 dividend. This represents a dividend yield of 6.54%. The ex-dividend date is Friday, June 28th. Extendicare’s dividend payout ratio is currently -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.