Short Interest in Navient Co. SR NT 6% 121543 (NASDAQ:JSM) Increases By 109.7%

Navient Co. SR NT 6% 121543 (NASDAQ:JSM) saw a large growth in short interest in the month of May. As of May 15th, there was short interest totaling 4,517 shares, a growth of 109.7% from the April 30th total of 2,154 shares. Based on an average daily trading volume, of 8,825 shares, the short-interest ratio is currently 0.5 days.

Navient Co. SR NT 6% 121543 Price Performance

Shares of JSM stock opened at $18.35 on Wednesday. Navient Co. SR NT 6% 121543 has a 12-month low of $17.76 and a 12-month high of $20.65. The firm has a fifty day moving average of $18.39 and a 200-day moving average of $19.14.

Navient Co. SR NT 6% 121543 Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, June 12th will be paid a $0.375 dividend. The ex-dividend date of this dividend is Friday, June 12th. This represents a $1.50 dividend on an annualized basis and a yield of 8.2%.

About Navient Co. SR NT 6% 121543

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.