Short Interest in NewtekOne, Inc. 8.00% Fixed Rate Senior Notes due 2028 (NASDAQ:NEWTI) Increases By 325.8%

NewtekOne, Inc. 8.00% Fixed Rate Senior Notes due 2028 (NASDAQ:NEWTI) was the recipient of a large growth in short interest during the month of January. As of January 30th, there was short interest totaling 1,669 shares, a growth of 325.8% from the January 15th total of 392 shares. Based on an average daily volume of 950 shares, the days-to-cover ratio is presently 1.8 days. Based on an average daily volume of 950 shares, the days-to-cover ratio is presently 1.8 days.

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

Shares of NEWTI traded down $0.08 on Wednesday, reaching $25.38. The company’s stock had a trading volume of 2,246 shares, compared to its average volume of 1,238. The stock’s 50 day simple moving average is $25.22 and its two-hundred day simple moving average is $25.16. NewtekOne, Inc. 8.00% Fixed Rate Senior Notes due 2028 has a 12-month low of $23.90 and a 12-month high of $25.82.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, March 1st. Stockholders of record on Friday, February 27th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, February 27th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 7.9%.

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

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.