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

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

Life Healthcare Group Stock Down 0.9 %

LTGHY traded down $0.03 during trading on Friday, reaching $3.18. The company had a trading volume of 12,517 shares, compared to its average volume of 123,016. The business has a 50 day simple moving average of $3.34 and a 200-day simple moving average of $3.50. Life Healthcare Group has a 52 week low of $2.05 and a 52 week high of $4.60.

Life Healthcare Group Increases Dividend

The business also recently declared a dividend, which was paid on Tuesday, January 28th. Investors of record on Friday, January 10th were given a $0.1553 dividend. The ex-dividend date of this dividend was Friday, January 10th. This is an increase from Life Healthcare Group’s previous dividend of $0.07. Life Healthcare Group’s dividend payout ratio (DPR) is currently 17.73%.

Life Healthcare Group Company Profile

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.