NewtekOne, Inc. 8.00% Fixed Rate Senior Notes due 2028 (NASDAQ:NEWTI) Short Interest Down 60.0% in July

NewtekOne, Inc. 8.00% Fixed Rate Senior Notes due 2028 (NASDAQ:NEWTI) was the recipient of a significant drop in short interest in July. As of July 31st, there was short interest totaling 686 shares, a drop of 60.0% from the July 15th total of 1,713 shares. Based on an average daily trading volume, of 2,376 shares, the short-interest ratio is currently 0.3 days.

NewtekOne, Inc. 8.00% Fixed Rate Senior Notes due 2028 Stock Performance

Shares of NASDAQ NEWTI traded down $0.10 during midday trading on Friday, reaching $25.57. 1,185 shares of the company were exchanged, compared to its average volume of 2,574. The stock’s 50-day moving average price is $25.39 and its 200-day moving average price is $25.32. NewtekOne, Inc. 8.00% Fixed Rate Senior Notes due 2028 has a one year low of $24.70 and a one year high of $25.70.

NewtekOne, Inc. 8.00% Fixed Rate Senior Notes due 2028 Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Friday, May 29th were given a $0.50 dividend. The ex-dividend date was Friday, May 29th. This represents a $2.00 annualized dividend and a yield of 7.8%.

About NewtekOne, Inc. 8.00% Fixed Rate Senior Notes due 2028

The NewtekOne, Inc 8.00% Fixed Rate Senior Notes due 2028 are senior unsecured debt obligations issued by NewtekOne, Inc (NASDAQ:NEWTI). The notes bear a fixed annual interest rate of 8.00%, payable semi-annually, and mature in 2028. As senior unsecured obligations, they rank pari passu with all other existing and future senior unsecured indebtedness of NewtekOne, Inc and rank ahead of any subordinated debt in the company’s capital structure.

NewtekOne, Inc is the holding company for Newtek, a publicly traded business development company that provides a diversified suite of financial and business services to small and medium-sized enterprises across the United States.