Short Interest in Extendicare Inc. (OTCMKTS:EXETF) Decreases By 10.8%

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

Extendicare Stock Up 1.8 %

Shares of EXETF stock traded up $0.10 during trading hours on Tuesday, hitting $5.42. The company’s stock had a trading volume of 200 shares, compared to its average volume of 3,994. Extendicare has a 12-month low of $4.10 and a 12-month high of $5.83. The company has a 50 day moving average of $5.46 and a 200 day moving average of $5.38.

Extendicare Cuts Dividend

The firm also recently announced a dividend, which will be paid on Monday, July 15th. Shareholders 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 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.