Navient Co. SR NT 6% 121543 (NASDAQ:JSM) Sees Large Increase in Short Interest

Navient Co. SR NT 6% 121543 (NASDAQ:JSM) was the target of a significant increase in short interest in the month of March. As of March 31st, there was short interest totaling 17,454 shares, an increase of 194.3% from the March 15th total of 5,931 shares. Based on an average daily trading volume, of 26,209 shares, the short-interest ratio is presently 0.7 days.

Navient Co. SR NT 6% 121543 Stock Performance

Shares of Navient Co. SR NT 6% 121543 stock traded up $0.07 during midday trading on Friday, hitting $18.14. The company’s stock had a trading volume of 3,953 shares, compared to its average volume of 16,124. The stock has a 50-day simple moving average of $18.94 and a 200-day simple moving average of $19.39. Navient Co. SR NT 6% 121543 has a 1-year low of $16.51 and a 1-year high of $20.65.

Navient Co. SR NT 6% 121543 Announces Dividend

The firm also recently announced 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. This represents a $1.50 annualized dividend and a dividend yield of 8.3%. The ex-dividend date of this dividend is Friday, June 12th.

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.