Short Interest in Navient Co. SR NT 6% 121543 (NASDAQ:JSM) Decreases By 57.8%

Navient Co. SR NT 6% 121543 (NASDAQ:JSM) saw a large decline in short interest in May. As of May 29th, there was short interest totaling 1,905 shares, a decline of 57.8% from the May 14th total of 4,517 shares. Based on an average trading volume of 11,344 shares, the days-to-cover ratio is presently 0.2 days.

Navient Co. SR NT 6% 121543 Stock Performance

Shares of NASDAQ:JSM traded down $0.44 during mid-day trading on Friday, hitting $17.95. The company had a trading volume of 10,466 shares, compared to its average volume of 13,924. The firm has a fifty day moving average price of $18.44 and a 200 day moving average price of $19.08. Navient Co. SR NT 6% 121543 has a one year low of $17.76 and a one year high of $20.65.

Navient Co. SR NT 6% 121543 Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, June 12th will be paid a $0.375 dividend. The ex-dividend date is Friday, June 12th. This represents a $1.50 annualized dividend and a dividend yield of 8.4%.

Navient Co. SR NT 6% 121543 Company Profile

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.