SWK Holdings Co. 9.00% Senior Notes due 2027 (NASDAQ:SWKHL) Short Interest Update

SWK Holdings Co. 9.00% Senior Notes due 2027 (NASDAQ:SWKHL) saw a large increase in short interest in the month of May. As of May 29th, there was short interest totaling 4,621 shares, an increase of 195.5% from the May 14th total of 1,564 shares. Based on an average trading volume of 3,320 shares, the short-interest ratio is presently 1.4 days.

SWK Holdings Co. 9.00% Senior Notes due 2027 Price Performance

NASDAQ SWKHL traded down $0.03 on Friday, reaching $25.64. 498 shares of the stock were exchanged, compared to its average volume of 3,528. SWK Holdings Co. 9.00% Senior Notes due 2027 has a one year low of $25.13 and a one year high of $25.92. The company’s 50-day simple moving average is $25.47 and its two-hundred day simple moving average is $25.53.

SWK Holdings Co. 9.00% Senior Notes due 2027 Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be issued a dividend of $0.5625 per share. This represents a $2.25 dividend on an annualized basis and a yield of 8.8%. The ex-dividend date of this dividend is Monday, June 15th.

SWK Holdings Company is the indirect parent of Formica Corporation and related surfacing businesses. The company’s primary business activities center on the design, manufacturing and distribution of decorative surfacing materials for residential, commercial and industrial applications. Its product lines include high-pressure laminate, engineered quartz and solid surface sheets used in countertops, wall panels and furniture surfaces.

Under brands such as Formica® and Resopal®, SWK Holdings serves cabinet, furniture and flooring manufacturers, as well as commercial distributors.