Short Interest in Extendicare Inc. (OTCMKTS:EXETF) Grows By 43.9%

Extendicare Inc. (OTCMKTS:EXETF) was the recipient of a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 936,000 shares, an increase of 43.9% from the February 13th total of 650,300 shares. Based on an average daily volume of 26,500 shares, the short-interest ratio is presently 35.3 days.

Extendicare Trading Down 0.5 %

EXETF stock opened at $9.00 on Friday. Extendicare has a 12-month low of $5.22 and a 12-month high of $9.17. The business’s 50-day moving average is $7.81 and its 200 day moving average is $7.26.

Extendicare Increases Dividend

The company also recently disclosed a dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be issued a $0.0282 dividend. This represents a yield of 4.18%. This is a boost from Extendicare’s previous dividend of $0.03. The ex-dividend date is Friday, February 28th. Extendicare’s payout ratio is presently -185.01%.

Analyst Ratings Changes

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

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.