Newtek Business Services Corp. 5.50% Notes Due 2026 (NASDAQ:NEWTZ) Sees Large Decline in Short Interest

Newtek Business Services Corp. 5.50% Notes Due 2026 (NASDAQ:NEWTZGet Free Report) was the recipient of a significant decrease in short interest in the month of December. As of December 15th, there was short interest totaling 2,922 shares, a decrease of 80.3% from the November 30th total of 14,867 shares. Based on an average trading volume of 8,161 shares, the days-to-cover ratio is currently 0.4 days. Based on an average trading volume of 8,161 shares, the days-to-cover ratio is currently 0.4 days.

Newtek Business Services Corp. 5.50% Notes Due 2026 Stock Performance

NEWTZ stock traded up $0.02 during midday trading on Friday, reaching $25.20. The company had a trading volume of 12,460 shares, compared to its average volume of 7,771. The stock has a 50 day moving average price of $24.99 and a 200 day moving average price of $24.94. Newtek Business Services Corp. 5.50% Notes Due 2026 has a fifty-two week low of $24.41 and a fifty-two week high of $25.25.

Newtek Business Services Corp. 5.50% Notes Due 2026 Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Saturday, November 1st. Investors of record on Wednesday, October 15th were given a dividend of $0.3438 per share. The ex-dividend date was Wednesday, October 15th. This represents a $1.38 dividend on an annualized basis and a yield of 5.5%.

About Newtek Business Services Corp. 5.50% Notes Due 2026

(Get Free Report)

Newtek Business Services Corp. is a diversified financial technology company and internally managed business development company (BDC) that offers a suite of integrated business services to small and mid-sized enterprises across the United States. Through its banking, lending, payment processing, payroll and human resources, and e-commerce solutions, Newtek seeks to streamline operations and improve efficiency for its clients. The company’s model combines traditional commercial lending with value-added services designed to support every stage of a business’s lifecycle, from startup through growth and maturity.

The 5.50% Notes due 2026, traded under the ticker NEWTZ on the NASDAQ, represent senior unsecured obligations of Newtek Business Services Corp.

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