Life Healthcare Group Holdings Limited (OTCMKTS:LTGHY) Sees Large Decline in Short Interest

Life Healthcare Group Holdings Limited (OTCMKTS:LTGHY) was the recipient of a large decrease in short interest during the month of February. As of February 15th, there was short interest totalling 12,100 shares, a decrease of 49.8% from the January 31st total of 24,100 shares. Based on an average daily volume of 66,700 shares, the days-to-cover ratio is presently 0.2 days.

Life Healthcare Group Price Performance

Shares of OTCMKTS LTGHY traded down $0.03 during midday trading on Friday, hitting $3.18. 12,517 shares of the company’s stock traded hands, compared to its average volume of 123,016. Life Healthcare Group has a 1 year low of $2.05 and a 1 year high of $4.60. The firm has a fifty day moving average of $3.34 and a 200 day moving average of $3.50.

Life Healthcare Group Increases Dividend

The firm also recently declared a dividend, which was paid on Tuesday, January 28th. Stockholders of record on Friday, January 10th were given a dividend of $0.1553 per share. The ex-dividend date was Friday, January 10th. This is a positive change from Life Healthcare Group’s previous dividend of $0.07. Life Healthcare Group’s dividend payout ratio is presently 17.73%.

About Life Healthcare Group

Life Healthcare Group Holdings Limited, together with its subsidiaries, operates private hospitals in South Africa, Canada, the United Kingdom, rest of Europe, and Internationally. It operates through two segments, Hospitals and Complementary Services; and Healthcare Services. The company provides range of acute hospitals and complementary services; Life Esidimeni services, such as chronic mental healthcare, frail care rehabilitation, step-down care, correctional services, and primary healthcare and substance abuse recovery programs; and life employee health solutions, including on-site occupational and primary healthcare services and employee wellness programs.