Extendicare Inc. (OTCMKTS:EXETF) Short Interest Update

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

Analyst Ratings Changes

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

Extendicare Price Performance

Shares of OTCMKTS:EXETF opened at $9.23 on Tuesday. The stock’s 50-day simple moving average is $7.85 and its two-hundred day simple moving average is $7.29. Extendicare has a 52-week low of $5.22 and a 52-week high of $9.26.

Extendicare Increases Dividend

The business also recently disclosed a dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a dividend of $0.0282 per share. This is a boost from Extendicare’s previous dividend of $0.03. This represents a dividend yield of 4.18%. The ex-dividend date was Friday, February 28th. Extendicare’s payout ratio is presently -185.01%.

Extendicare Company Profile

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.