Navient Co. SR NT 6% 121543 (NASDAQ:JSM – Get Free Report) saw a significant increase in short interest in August. As of August 31st, there was short interest totaling 6,579 shares, an increase of 75.0% from the August 15th total of 3,759 shares. Based on an average trading volume of 7,820 shares, the days-to-cover ratio is currently 0.8 days.
Navient Co. SR NT 6% 121543 Stock Down 1.6%
JSM stock traded down $0.29 during midday trading on Thursday, hitting $17.59. 69,775 shares of the stock traded hands, compared to its average volume of 13,659. The stock’s fifty day simple moving average is $17.81 and its 200-day simple moving average is $18.20. Navient Co. SR NT 6% 121543 has a 1-year low of $17.24 and a 1-year high of $20.65.
Navient Co. SR NT 6% 121543 Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Monday, September 14th were given a $0.375 dividend. The ex-dividend date was Monday, September 14th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 8.5%.
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.
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