( ) saw a notable decline in short interest during the month of may. On May 31, there were 3,600 shorted shares. This is a decrease of 26,5% compared to the total of 4,900 on May 15. The days-to-cover is currently 1.2 days based on an average trading of 2,900 shares.
Insider Buying & Selling
According to a related story, CEO Justin Schreiber purchased 17,664 shares in the company on Monday, 22nd May. The shares were purchased at a price of $2.15 on average per share with a value of $37.977.60. The chief executive now owns approximately $6,046,410.60 worth of stock after the transaction. Insider Nicholas P. Alvarez bought 10,712 shares in a LifeMD transaction on June 14th. The shares were bought at an average of $2.92 a share with a value of $31,279.04. After the purchase, the insider owns directly 180,000 shares, worth approximately $525,000. Justin Schreiber, the CEO, purchased 17,664 of the company's shares in a deal on May 22nd. Stock was purchased at an average price of $2.15 a share for a transaction totaling $37,977.60. After the acquisition, the CEO now owns directly 2,812,284 company shares, valued at $6 046,410.60. On Friday, the stock fell $0.07 to $16.85. Stock of the company traded 7,849 shares compared to an average of 3,495. The company's fifty-day moving price is $15.34, and its 200-day moving price is $14.70. LifeMD's one-year low is $12.60, and its one-year high is $17.00.
LifeMD Announces Dividend
A quarterly dividend was also declared by the firm and paid out on Monday, 17th April. Dividends were paid to shareholders who had their records on the 7th of April. This is a $2.22 dividend with a yield 13.17%. This dividend became ex-dividend on Wednesday, April 5.
LifeMD Company Profile
LifeMD, Inc is a direct to patient telehealth company in the United States that offers virtual medical treatment, prescription medications, patented-doctor formulated OTC products, an FDA approved medical device for male and female hair loss, as well as female specific topical compounded medications for hair loss. ShapiroMD is a telehealth company that offers virtual treatment for men and women with a licensed provider. RexMD is a brand for men that provides virtual medical care from licensed providers.
MarketBeat.com offers a FREE daily email newsletter