SLM Co. (NASDAQ:SLMBP) Short Interest Update

SLM Co. (NASDAQ:SLMBP) was the recipient of a significant increase in short interest during the month of August. As of August 14th, there was short interest totaling 7,266 shares, an increase of 60.9% from the July 30th total of 4,515 shares. Based on an average daily volume of 3,917 shares, the days-to-cover ratio is presently 1.9 days.

SLM Stock Performance

SLM stock traded down $0.11 during mid-day trading on Tuesday, hitting $75.12. The company had a trading volume of 3,824 shares, compared to its average volume of 3,471. SLM has a 1 year low of $70.58 and a 1 year high of $76.81. The business has a fifty day moving average of $74.65 and a 200 day moving average of $74.78.

SLM Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Friday, September 4th will be issued a $1.4393 dividend. This represents a $5.76 annualized dividend and a dividend yield of 7.7%. The ex-dividend date is Friday, September 4th. This is a positive change from SLM’s previous quarterly dividend of $1.43.

SLM Company Profile

SLM Corporation, doing business as Sallie Mae, is a U.S.-based provider of private student loans, servicing, and banking products. The company specializes in originating and servicing education loans for undergraduate, graduate and professional students, as well as career and technical training programs. In addition to its core student lending business, Sallie Mae offers deposit products, credit cards and digital tools designed to help customers manage personal finances and plan for higher-education expenses.

Sallie Mae’s product suite includes fixed- and variable-rate private student loans, graduate student loans, parent loans and career training loans.