NewtekOne, Inc. 8.00% Fixed Rate Senior Notes due 2028 (NASDAQ:NEWTI) Short Interest Down 40.7% in February

NewtekOne, Inc. 8.00% Fixed Rate Senior Notes due 2028 (NASDAQ:NEWTIGet Free Report) was the recipient of a large drop in short interest in the month of February. As of February 27th, there was short interest totaling 1,393 shares, a drop of 40.7% from the February 12th total of 2,348 shares. Based on an average daily trading volume, of 13,643 shares, the short-interest ratio is currently 0.1 days. Based on an average daily trading volume, of 13,643 shares, the short-interest ratio is currently 0.1 days.

NewtekOne, Inc. 8.00% Fixed Rate Senior Notes due 2028 Trading Down 0.8%

NASDAQ:NEWTI traded down $0.21 during trading hours on Friday, reaching $25.09. 125 shares of the stock were exchanged, compared to its average volume of 4,385. NewtekOne, Inc. 8.00% Fixed Rate Senior Notes due 2028 has a twelve month low of $23.90 and a twelve month high of $25.82. The firm has a 50 day moving average of $25.27 and a 200 day moving average of $25.17.

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

The firm also recently disclosed a quarterly dividend, which was paid on Sunday, March 1st. Stockholders of record on Friday, February 27th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 8.0%. The ex-dividend date of this dividend was Friday, February 27th.

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

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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.

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