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

NewtekOne, Inc. 8.00% Fixed Rate Senior Notes due 2028 (NASDAQ:NEWTI) was the target of a large growth in short interest in December. As of December 31st, there was short interest totaling 1,140 shares, a growth of 117.6% from the December 15th total of 524 shares. Based on an average trading volume of 3,090 shares, the short-interest ratio is currently 0.4 days. Based on an average trading volume of 3,090 shares, the short-interest ratio is currently 0.4 days.

NewtekOne, Inc. 8.00% Fixed Rate Senior Notes due 2028 Stock Down 0.1%

Shares of NASDAQ:NEWTI traded down $0.03 during trading on Thursday, reaching $25.12. The company’s stock had a trading volume of 4,215 shares, compared to its average volume of 1,024. NewtekOne, Inc. 8.00% Fixed Rate Senior Notes due 2028 has a 12 month low of $23.90 and a 12 month high of $25.82. The firm’s 50 day simple moving average is $25.19 and its two-hundred day simple moving average is $25.12.

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

The business also recently declared a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Saturday, November 15th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 8.0%. The ex-dividend date was Friday, November 14th.

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

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.