Short Interest in Navient Co. SR NT 6% 121543 (NASDAQ:JSM) Grows By 205.2%

Navient Co. SR NT 6% 121543 (NASDAQ:JSMGet Free Report) saw a significant growth in short interest in June. As of June 30th, there was short interest totaling 17,581 shares, a growth of 205.2% from the June 15th total of 5,761 shares. Based on an average daily volume of 19,477 shares, the days-to-cover ratio is currently 0.9 days.

Navient Co. SR NT 6% 121543 Trading Down 0.4%

Navient Co. SR NT 6% 121543 stock traded down $0.07 during trading on Monday, hitting $17.67. 8,565 shares of the company were exchanged, compared to its average volume of 14,007. The business’s 50 day moving average is $18.30 and its 200 day moving average is $18.86. Navient Co. SR NT 6% 121543 has a 52 week low of $17.57 and a 52 week high of $20.65.

Navient Co. SR NT 6% 121543 Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, September 14th will be paid a $0.375 dividend. The ex-dividend date is Monday, September 14th. This represents a $1.50 annualized dividend and a dividend yield of 8.5%.

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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