Navient Co. SR NT 6% 121543 (NASDAQ:JSM) Short Interest Up 202.4% in June

Navient Co. SR NT 6% 121543 (NASDAQ:JSM) saw a large increase in short interest in June. As of June 15th, there was short interest totaling 5,761 shares, an increase of 202.4% from the May 31st total of 1,905 shares. Based on an average trading volume of 10,126 shares, the days-to-cover ratio is presently 0.6 days.

Navient Co. SR NT 6% 121543 Trading Up 0.1%

NASDAQ:JSM traded up $0.02 during mid-day trading on Friday, hitting $17.87. 14,870 shares of the company’s stock were exchanged, compared to its average volume of 13,880. Navient Co. SR NT 6% 121543 has a one year low of $17.76 and a one year high of $20.65. The business has a fifty day moving average price of $18.42 and a 200 day moving average price of $18.98.

Navient Co. SR NT 6% 121543 Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, September 14th will be issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 8.4%. The ex-dividend date is Monday, September 14th.

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.