Navient Co. SR NT 6% 121543 (NASDAQ:JSM) Shares Shorted: Short Interest Up 90.3% in September

Navient Co. SR NT 6% 121543 (NASDAQ:JSM) was the target of a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 8,641 shares, an increase of 90.3% from the September 15th total of 4,540 shares. Based on an average daily trading volume, of 32,896 shares, the days-to-cover ratio is presently 0.3 days.

Navient Co. SR NT 6% 121543 Stock Performance

Shares of NASDAQ JSM opened at $16.00 on Friday. Navient Co. SR NT 6% 121543 has a 52-week low of $16.00 and a 52-week high of $20.65. The company’s 50 day moving average price is $17.48 and its 200-day moving average price is $17.92.

Navient Co. SR NT 6% 121543 Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Monday, December 14th will be issued a dividend of $0.3750 per share. The ex-dividend date of this dividend is Monday, December 14th. This represents a $1.50 dividend on an annualized basis and a yield of 9.4%.

Navient Co. SR NT 6% 121543 Company Profile

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.