Navient Co. SR NT 6% 121543 (NASDAQ:JSM) Sees Large Growth in Short Interest

Navient Co. SR NT 6% 121543 (NASDAQ:JSM) saw a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 6,225 shares, a growth of 106.0% from the July 15th total of 3,022 shares. Based on an average trading volume of 10,317 shares, the short-interest ratio is presently 0.6 days.

Navient Co. SR NT 6% 121543 Price Performance

JSM opened at $18.03 on Monday. The business has a fifty day simple moving average of $17.86 and a 200-day simple moving average of $18.46. Navient Co. SR NT 6% 121543 has a fifty-two week low of $17.24 and a fifty-two week high of $20.65.

Navient Co. SR NT 6% 121543 Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, September 14th will be issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 8.3%. The ex-dividend date of this dividend is Monday, September 14th.

Navient Co. SR NT 6% 121543 Company Profile

Navient Co SR NT 6% 121543 (NASDAQ:JSM) is a series of senior unsecured notes issued by Navient Corporation. The notes carry a fixed annual interest rate of 6.00% and mature on December 15, 2043. As unsecured obligations, they rank pari passu with all of Navient’s other unsubordinated debt and are structurally subordinated to any secured borrowings.

Interest on these notes is payable semi-annually on June 15 and December 15 of each year. Beginning December 15, 2023, Navient has the option to redeem the notes, in whole or in part, at a specified redemption price plus accrued interest, subject to the terms set forth in the governing indenture under which the notes were issued and trade under the ticker symbol JSM.

Navient Corporation, the issuer behind this debt issue, provides asset management and business processing solutions to education loan portfolios in the United States.