NewtekOne, Inc. 8.00% Fixed Rate Senior Notes due 2028 (NASDAQ:NEWTI) Sees Significant Growth in Short Interest

NewtekOne, Inc. 8.00% Fixed Rate Senior Notes due 2028 (NASDAQ:NEWTI) saw a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 1,639 shares, an increase of 86.0% from the September 15th total of 881 shares. Based on an average daily volume of 1,631 shares, the days-to-cover ratio is currently 1.0 days.

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

NEWTI opened at $24.93 on Thursday. NewtekOne, Inc. 8.00% Fixed Rate Senior Notes due 2028 has a one year low of $24.35 and a one year high of $25.70. The stock’s fifty day moving average is $25.27 and its 200-day moving average is $25.31.

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

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Monday, August 31st were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, August 31st. This represents a $2.00 annualized dividend and a yield of 8.0%.

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

NewtekOne, Inc is a bank holding company focused on providing financial and business services to small and medium-sized businesses in the United States. Through its principal banking subsidiary, Newtek Bank, National Association, the company offers commercial lending, business deposit products and other banking services designed to support the operating and financing needs of business owners.

NewtekOne’s platform also incorporates services historically associated with Newtek Business Services, including Small Business Administration lending, commercial real estate financing, electronic payment processing, payroll and benefits administration, insurance solutions, and technology-related business services.