NewtekOne, Inc. 8.00% Fixed Rate Senior Notes due 2028 (NASDAQ:NEWTI) Short Interest Up 117.6% in December

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

NewtekOne, Inc. 8.00% Fixed Rate Senior Notes due 2028 Trading Down 0.7%

Shares of NASDAQ NEWTI traded down $0.18 during mid-day trading on Wednesday, hitting $25.24. The company had a trading volume of 1,052 shares, compared to its average volume of 631. The firm’s 50 day simple moving average is $25.19 and its two-hundred day simple moving average is $25.12. 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.

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

The business also recently announced a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Saturday, November 15th were issued a dividend of $0.50 per share. 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.

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

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.