Short Interest in Navient Co. SR NT 6% 121543 (NASDAQ:JSM) Increases By 202.4%

Navient Co. SR NT 6% 121543 (NASDAQ:JSM) was the recipient of a large increase in short interest in the month of June. As of June 15th, there was short interest totaling 5,761 shares, an increase of 202.4% from the May 31st total of 1,905 shares. Based on an average daily volume of 10,126 shares, the short-interest ratio is currently 0.6 days.

Navient Co. SR NT 6% 121543 Stock Performance

NASDAQ JSM traded up $0.06 during midday trading on Monday, hitting $17.93. The company had a trading volume of 10,729 shares, compared to its average volume of 13,854. The firm has a fifty day simple moving average of $18.42 and a two-hundred day simple moving average of $18.97. Navient Co. SR NT 6% 121543 has a fifty-two week low of $17.76 and a fifty-two week high of $20.65.

Navient Co. SR NT 6% 121543 Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, September 14th will be paid a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 8.4%. The ex-dividend date is Monday, September 14th.

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.