Extendicare Inc. (OTCMKTS:EXETF) Short Interest Update

Extendicare Inc. (OTCMKTS:EXETF) was the recipient of a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 936,000 shares, an increase of 43.9% from the February 13th total of 650,300 shares. Based on an average daily volume of 26,500 shares, the days-to-cover ratio is presently 35.3 days.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada reissued a “sector perform” rating on shares of Extendicare in a research report on Wednesday, March 5th.

Extendicare Stock Performance

EXETF opened at $9.23 on Tuesday. The business has a fifty day moving average of $7.85 and a 200 day moving average of $7.29. Extendicare has a 52-week low of $5.22 and a 52-week high of $9.26.

Extendicare Increases Dividend

The company also recently announced a dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were issued a $0.0282 dividend. This represents a dividend yield of 4.18%. This is a boost from Extendicare’s previous dividend of $0.03. The ex-dividend date was Friday, February 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.