Navient Co. SR NT 6% 121543 (NASDAQ:JSM) Short Interest Down 57.8% in May

Navient Co. SR NT 6% 121543 (NASDAQ:JSM) was the recipient of a significant decline in short interest during the month of May. As of May 29th, there was short interest totaling 1,905 shares, a decline of 57.8% from the May 14th total of 4,517 shares. Based on an average trading volume of 11,344 shares, the days-to-cover ratio is presently 0.2 days.

Navient Co. SR NT 6% 121543 Trading Down 0.1%

NASDAQ JSM opened at $18.39 on Friday. The company has a 50 day moving average price of $18.44 and a two-hundred day moving average price of $19.09. Navient Co. SR NT 6% 121543 has a 12-month low of $17.76 and a 12-month high of $20.65.

Navient Co. SR NT 6% 121543 Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, June 12th will be given a $0.375 dividend. The ex-dividend date of this dividend is Friday, June 12th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 8.2%.

About Navient Co. SR NT 6% 121543

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.