Navient Co. SR NT 6% 121543 (NASDAQ:JSM) Sees Significant Drop in Short Interest

Navient Co. SR NT 6% 121543 (NASDAQ:JSMGet Free Report) saw a large drop in short interest during the month of January. As of January 30th, there was short interest totaling 14,921 shares, a drop of 44.4% from the January 15th total of 26,837 shares. Based on an average daily trading volume, of 11,157 shares, the short-interest ratio is presently 1.3 days. Based on an average daily trading volume, of 11,157 shares, the short-interest ratio is presently 1.3 days.

Navient Co. SR NT 6% 121543 Stock Down 0.5%

JSM stock traded down $0.10 during trading on Friday, hitting $19.60. 15,650 shares of the company’s stock traded hands, compared to its average volume of 12,238. Navient Co. SR NT 6% 121543 has a 52 week low of $16.51 and a 52 week high of $20.65. The stock has a fifty day moving average price of $19.74 and a two-hundred day moving average price of $19.55.

Navient Co. SR NT 6% 121543 Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Friday, March 13th will be paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 7.7%. The ex-dividend date is Friday, March 13th.

About Navient Co. SR NT 6% 121543

(Get Free Report)

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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