Extendicare Inc. (OTCMKTS:EXETF) Short Interest Update

Extendicare Inc. (OTCMKTS:EXETF) was the target of a large increase in short interest in 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 currently 35.3 days.

Analyst Ratings Changes

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

Extendicare Price Performance

Shares of OTCMKTS EXETF traded down $0.04 during midday trading on Monday, reaching $9.00. 1,564 shares of the company’s stock traded hands, compared to its average volume of 7,922. The stock’s 50 day simple moving average is $7.81 and its 200-day simple moving average is $7.27. Extendicare has a one year low of $5.22 and a one year high of $9.17.

Extendicare Increases Dividend

The business also recently disclosed a dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be paid a dividend of $0.0282 per share. This is an increase from Extendicare’s previous dividend of $0.03. This represents a dividend yield of 4.18%. The ex-dividend date of this dividend is Friday, February 28th. Extendicare’s payout ratio 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.