SWK Holdings Co. 9.00% Senior Notes due 2027 (NASDAQ:SWKHL) Short Interest Up 195.5% in May

SWK Holdings Co. 9.00% Senior Notes due 2027 (NASDAQ:SWKHL) was the target of a large increase in short interest in the month of May. As of May 29th, there was short interest totaling 4,621 shares, an increase of 195.5% from the May 14th total of 1,564 shares. Based on an average daily trading volume, of 3,320 shares, the days-to-cover ratio is currently 1.4 days.

SWK Holdings Co. 9.00% Senior Notes due 2027 Stock Up 0.1%

Shares of SWKHL stock opened at $25.68 on Friday. The stock has a 50 day simple moving average of $25.47 and a 200-day simple moving average of $25.53. SWK Holdings Co. 9.00% Senior Notes due 2027 has a 1-year low of $25.13 and a 1-year high of $25.92.

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

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be given a dividend of $0.5625 per share. This represents a $2.25 annualized dividend and a dividend yield of 8.8%. The ex-dividend date is 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.