Short Interest in Extendicare Inc. (OTCMKTS:EXETF) Drops By 21.7%

Extendicare Inc. (OTCMKTS:EXETF) was the recipient of a significant drop in short interest during the month of March. As of March 31st, there was short interest totalling 686,200 shares, a drop of 21.7% from the March 15th total of 876,200 shares. Based on an average daily volume of 10,200 shares, the short-interest ratio is presently 67.3 days.

Analyst Ratings Changes

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

Extendicare Price Performance

Shares of EXETF remained flat at $9.36 during mid-day trading on Friday. The stock had a trading volume of 734 shares, compared to its average volume of 6,885. The company has a 50-day moving average price of $8.84 and a 200 day moving average price of $7.71. Extendicare has a 1 year low of $5.22 and a 1 year high of $9.48.

Extendicare Increases Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st were paid a dividend of $0.0294 per share. This is a boost from Extendicare’s previous dividend of $0.03. The ex-dividend date of this dividend was Monday, March 31st. This represents a dividend yield of 3.9%. Extendicare’s dividend payout ratio (DPR) 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.