Short Interest in SWK Holdings Co. 9.00% Senior Notes due 2027 (NASDAQ:SWKHL) Decreases By 44.3%

SWK Holdings Co. 9.00% Senior Notes due 2027 (NASDAQ:SWKHL) saw a significant drop in short interest in June. As of June 30th, there was short interest totaling 1,968 shares, a drop of 44.3% from the June 15th total of 3,535 shares. Based on an average trading volume of 4,119 shares, the short-interest ratio is currently 0.5 days.

SWK Holdings Co. 9.00% Senior Notes due 2027 Trading Down 0.0%

NASDAQ SWKHL traded down $0.01 during trading hours on Thursday, hitting $25.27. 787 shares of the company were exchanged, compared to its average volume of 3,511. SWK Holdings Co. 9.00% Senior Notes due 2027 has a 52 week low of $25.13 and a 52 week high of $25.92. The stock has a 50-day moving average price of $25.41 and a 200 day moving average price of $25.48.

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

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were paid a dividend of $0.5625 per share. This represents a $2.25 dividend on an annualized basis and a dividend yield of 8.9%. The ex-dividend date of this dividend was 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.