Extendicare Inc. (OTCMKTS:EXETF) Short Interest Update

Extendicare Inc. (OTCMKTS:EXETF) was the target of a significant 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 days-to-cover ratio is presently 35.3 days.

Analysts Set New Price Targets

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

Extendicare Stock Down 0.5 %

Shares of OTCMKTS EXETF traded down $0.04 during trading on Monday, hitting $9.00. The company had a trading volume of 1,564 shares, compared to its average volume of 7,922. The stock has a fifty day simple moving average of $7.81 and a two-hundred day simple moving average of $7.27. Extendicare has a fifty-two week low of $5.22 and a fifty-two week high of $9.17.

Extendicare Increases Dividend

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