Navient Co. SR NT 6% 121543 (NASDAQ:JSM – Get Free Report) was the target of a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 6,225 shares, a growth of 106.0% from the July 15th total of 3,022 shares. Based on an average daily volume of 10,317 shares, the days-to-cover ratio is presently 0.6 days.
Navient Co. SR NT 6% 121543 Price Performance
JSM traded up $0.27 during trading hours on Friday, reaching $18.03. 14,023 shares of the stock traded hands, compared to its average volume of 13,810. The firm’s fifty day simple moving average is $17.86 and its two-hundred day simple moving average is $18.47. Navient Co. SR NT 6% 121543 has a fifty-two week low of $17.24 and a fifty-two week high of $20.65.
Navient Co. SR NT 6% 121543 Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, September 14th will be issued a $0.375 dividend. The ex-dividend date is Monday, September 14th. This represents a $1.50 dividend on an annualized basis and a yield of 8.3%.
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.
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