Short Interest in Extendicare Inc. (OTCMKTS:EXETF) Grows By 7.7%

Extendicare Inc. (OTCMKTS:EXETF) saw a large growth in short interest during the month of December. As of December 31st, there was short interest totalling 637,800 shares, a growth of 7.7% from the December 15th total of 592,000 shares. Based on an average daily trading volume, of 1,800 shares, the days-to-cover ratio is presently 354.3 days.

Extendicare Stock Down 0.6 %

EXETF traded down $0.04 during midday trading on Friday, hitting $7.15. The stock had a trading volume of 7,400 shares, compared to its average volume of 1,543. Extendicare has a 1 year low of $4.74 and a 1 year high of $7.80. The business has a fifty day moving average of $7.26 and a 200 day moving average of $6.60.

Extendicare Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, February 14th. Investors of record on Monday, February 3rd will be issued a dividend of $0.0279 per share. This represents a dividend yield of 4.65%. The ex-dividend date is Friday, January 31st. 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.