NewtekOne, Inc. 8.00% Fixed Rate Senior Notes due 2028 (NASDAQ:NEWTI) Short Interest Down 65.6% in January

NewtekOne, Inc. 8.00% Fixed Rate Senior Notes due 2028 (NASDAQ:NEWTI) was the recipient of a large decline in short interest in the month of January. As of January 15th, there was short interest totaling 392 shares, a decline of 65.6% from the December 31st total of 1,140 shares. Based on an average daily volume of 1,004 shares, the short-interest ratio is currently 0.4 days. Based on an average daily volume of 1,004 shares, the short-interest ratio is currently 0.4 days.

NewtekOne, Inc. 8.00% Fixed Rate Senior Notes due 2028 Price Performance

NASDAQ NEWTI traded up $0.09 during mid-day trading on Friday, reaching $25.45. 290 shares of the stock were exchanged, compared to its average volume of 1,016. NewtekOne, Inc. 8.00% Fixed Rate Senior Notes due 2028 has a one year low of $23.90 and a one year high of $25.82. The stock has a 50 day simple moving average of $25.20 and a 200-day simple moving average of $25.15.

NewtekOne, Inc. 8.00% Fixed Rate Senior Notes due 2028 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Saturday, November 15th were given a $0.50 dividend. The ex-dividend date of this dividend was Friday, November 14th. This represents a $2.00 annualized dividend and a dividend yield of 7.9%.

NewtekOne, Inc. 8.00% Fixed Rate Senior Notes due 2028 Company Profile

The NewtekOne, Inc 8.00% Fixed Rate Senior Notes due 2028 are senior unsecured debt obligations issued by NewtekOne, Inc (NASDAQ:NEWTI). The notes bear a fixed annual interest rate of 8.00%, payable semi-annually, and mature in 2028. As senior unsecured obligations, they rank pari passu with all other existing and future senior unsecured indebtedness of NewtekOne, Inc and rank ahead of any subordinated debt in the company’s capital structure.

NewtekOne, Inc is the holding company for Newtek, a publicly traded business development company that provides a diversified suite of financial and business services to small and medium-sized enterprises across the United States.