NewtekOne, Inc. 8.00% Fixed Rate Senior Notes due 2028 (NASDAQ:NEWTI) Shares Shorted: Short Interest Up 86.0% in September

NewtekOne, Inc. 8.00% Fixed Rate Senior Notes due 2028 (NASDAQ:NEWTI) was the recipient of a large increase in short interest in September. As of September 30th, there was short interest totaling 1,639 shares, an increase of 86.0% from the September 15th total of 881 shares. Based on an average daily volume of 1,631 shares, the days-to-cover ratio is currently 1.0 days.

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

NEWTI traded up $0.23 during trading on Friday, hitting $25.16. 319 shares of the company’s stock were exchanged, compared to its average volume of 2,437. NewtekOne, Inc. 8.00% Fixed Rate Senior Notes due 2028 has a 1 year low of $24.35 and a 1 year high of $25.70. The stock has a 50 day moving average price of $25.25 and a 200 day moving average price of $25.31.

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

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Monday, August 31st were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 8.0%. The ex-dividend date was Monday, August 31st.

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

NewtekOne, Inc is a financial holding company focused on providing banking and business services to small and medium-sized businesses in the United States. Its primary banking subsidiary, Newtek Bank, N.A., offers business deposit accounts, commercial lending, Small Business Administration lending and other financial solutions.

Through Newtek Bank and affiliated businesses, the company also provides payment processing, electronic payment services, payroll solutions, managed technology services, business insurance and equipment financing.