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

Extendicare Inc. (OTCMKTS:EXETF) saw 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 trading volume, of 26,500 shares, the short-interest ratio is presently 35.3 days.

Extendicare Price Performance

EXETF opened at $9.00 on Friday. The company’s 50 day simple moving average is $7.81 and its two-hundred day simple moving average is $7.26. Extendicare has a 1-year low of $5.22 and a 1-year high of $9.17.

Extendicare Increases Dividend

The firm also recently announced a dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be paid a $0.0282 dividend. This represents a yield of 4.18%. This is a positive change from Extendicare’s previous dividend of $0.03. The ex-dividend date of this dividend is Friday, February 28th. Extendicare’s dividend payout ratio (DPR) is -185.01%.

Analyst Upgrades and Downgrades

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

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.