Navient Co. SR NT 6% 121543 (NASDAQ:JSM) Short Interest Down 51.7% in April

Navient Co. SR NT 6% 121543 (NASDAQ:JSM) was the recipient of a significant decrease in short interest during the month of April. As of April 30th, there was short interest totaling 2,154 shares, a decrease of 51.7% from the April 15th total of 4,460 shares. Based on an average daily trading volume, of 11,415 shares, the days-to-cover ratio is currently 0.2 days.

Navient Co. SR NT 6% 121543 Trading Down 0.8%

Shares of NASDAQ:JSM traded down $0.14 during trading on Friday, reaching $18.51. 6,405 shares of the stock traded hands, compared to its average volume of 14,566. The stock has a 50-day moving average of $18.48 and a two-hundred day moving average of $19.19. Navient Co. SR NT 6% 121543 has a 52-week low of $17.76 and a 52-week high of $20.65.

Navient Co. SR NT 6% 121543 Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, June 12th will be issued a dividend of $0.375 per share. The ex-dividend date is Friday, June 12th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 8.1%.

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.