SWK Holdings Co. 9.00% Senior Notes due 2027 (NASDAQ:SWKHL) Sees Significant Growth in Short Interest

SWK Holdings Co. 9.00% Senior Notes due 2027 (NASDAQ:SWKHL) saw a large growth in short interest in October. As of October 15th, there was short interest totaling 1,374 shares, a growth of 2,762.5% from the September 30th total of 48 shares. Based on an average daily volume of 4,193 shares, the short-interest ratio is currently 0.3 days.

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

Shares of NASDAQ:SWKHL opened at $25.17 on Wednesday. The company’s fifty day simple moving average is $25.23 and its 200 day simple moving average is $25.40. SWK Holdings Co. 9.00% Senior Notes due 2027 has a 12 month low of $24.34 and a 12 month high of $25.92.

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

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th were paid a $0.5625 dividend. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $2.25 annualized dividend and a dividend yield of 8.9%.

SWK Holdings Corporation is a specialty finance company focused on providing capital to the healthcare and life sciences industries. Through its investment platform, the company supports businesses developing medical technologies, pharmaceuticals, and other healthcare-related products and services.

Its activities have included structured debt financing, royalty monetization, and other investment arrangements for companies that may have limited access to traditional sources of capital. SWK Holdings generally targets opportunities involving established or emerging healthcare assets, including products with commercialization potential or recurring royalty revenue.

The company is based in the United States and primarily serves healthcare and life sciences businesses in North America.