Extendicare Inc. (OTCMKTS:EXETF) Short Interest Down 10.8% in June

Extendicare Inc. (OTCMKTS:EXETF) was the recipient of a large drop in short interest in the month of June. As of June 15th, there was short interest totalling 586,000 shares, a drop of 10.8% from the May 31st total of 656,600 shares. Based on an average daily volume of 1,900 shares, the days-to-cover ratio is currently 308.4 days.

Extendicare Trading Up 1.8 %

Extendicare stock traded up $0.10 during midday trading on Tuesday, reaching $5.42. 200 shares of the company’s stock were exchanged, compared to its average volume of 3,994. Extendicare has a 52 week low of $4.10 and a 52 week high of $5.83. The stock’s 50-day simple moving average is $5.46 and its 200 day simple moving average is $5.38.

Extendicare Cuts Dividend

The company also recently announced a dividend, which will be paid on Monday, July 15th. Stockholders of record on Monday, July 1st will be given a $0.0291 dividend. This represents a dividend yield of 6.54%. The ex-dividend date of this dividend is Friday, June 28th. Extendicare’s payout ratio is -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.