Navient Co. SR NT 6% 121543 (NASDAQ:JSM) Shares Shorted: Short Interest Down 42.5% in October

Navient Co. SR NT 6% 121543 (NASDAQ:JSM) was the target of a significant decrease in short interest in the month of October. As of October 15th, there was short interest totaling 4,969 shares, a decrease of 42.5% from the September 30th total of 8,641 shares. Based on an average daily trading volume, of 14,323 shares, the days-to-cover ratio is currently 0.3 days.

Navient Co. SR NT 6% 121543 Trading Up 1.4%

JSM stock traded up $0.20 during trading hours on Tuesday, hitting $14.85. 5,374 shares of the stock traded hands, compared to its average volume of 15,548. The stock has a 50-day simple moving average of $17.01 and a 200 day simple moving average of $18.14. Navient Co. SR NT 6% 121543 has a one year low of $13.68 and a one year high of $20.65.

Navient Co. SR NT 6% 121543 Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Monday, December 14th will be issued a $0.3750 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 10.1%. The ex-dividend date of this dividend is Monday, December 14th.

About Navient Co. SR NT 6% 121543

Navient Corporation is a U.S.-based loan management and business-processing company. Its activities have historically included servicing and managing education loans, providing borrower support, and operating technology and administrative platforms for government and private-sector clients.

The company was formed in 2014 through the separation of Sallie Mae’s loan-management operations from its consumer-banking business. Navient has served borrowers and institutional clients primarily in the United States, with a focus on education-finance servicing, customer communications, payment processing, and related administrative services.

Navient Co SR NT 6% 121543, traded under the symbol JSM, represents senior notes issued by Navient Corporation rather than common equity in the company.