NewtekOne, Inc. 8.00% Fixed Rate Senior Notes due 2028 (NASDAQ:NEWTI) Sees Large Increase in Short Interest

NewtekOne, Inc. 8.00% Fixed Rate Senior Notes due 2028 (NASDAQ:NEWTI) saw a large growth in short interest during the month of December. As of December 31st, there was short interest totaling 1,140 shares, a growth of 117.6% from the December 15th total of 524 shares. Based on an average daily volume of 3,090 shares, the short-interest ratio is presently 0.4 days. Based on an average daily volume of 3,090 shares, the short-interest ratio is presently 0.4 days.

NewtekOne, Inc. 8.00% Fixed Rate Senior Notes due 2028 Stock Up 1.0%

NewtekOne, Inc. 8.00% Fixed Rate Senior Notes due 2028 stock traded up $0.25 during midday trading on Friday, hitting $25.35. 3,874 shares of the company’s stock were exchanged, compared to its average volume of 1,305. 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. The firm has a 50-day moving average of $25.19 and a two-hundred day moving average of $25.12.

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

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

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.