Extendicare Inc. (OTCMKTS:EXETF) Short Interest Update

Extendicare Inc. (OTCMKTS:EXETFGet Free Report) 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.

Check Out Our Latest Analysis on Extendicare

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

(Get Free Report)

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.

Further Reading

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