Short Interest in Navient Co. SR NT 6% 121543 (NASDAQ:JSM) Rises By 106.0%

Navient Co. SR NT 6% 121543 (NASDAQ:JSM) was the target of a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 6,225 shares, an increase of 106.0% from the July 15th total of 3,022 shares. Based on an average daily trading volume, of 10,317 shares, the days-to-cover ratio is presently 0.6 days.

Navient Co. SR NT 6% 121543 Trading Up 1.5%

NASDAQ JSM traded up $0.27 during trading on Friday, hitting $18.03. The stock had a trading volume of 14,023 shares, compared to its average volume of 13,810. Navient Co. SR NT 6% 121543 has a 12 month low of $17.24 and a 12 month high of $20.65. The company’s 50-day moving average price is $17.86 and its two-hundred day moving average price is $18.47.

Navient Co. SR NT 6% 121543 Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, September 14th will be given a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 8.3%. The ex-dividend date of this dividend is Monday, September 14th.

About Navient Co. SR NT 6% 121543

Navient Co SR NT 6% 121543 (NASDAQ:JSM) is a series of senior unsecured notes issued by Navient Corporation. The notes carry a fixed annual interest rate of 6.00% and mature on December 15, 2043. As unsecured obligations, they rank pari passu with all of Navient’s other unsubordinated debt and are structurally subordinated to any secured borrowings.

Interest on these notes is payable semi-annually on June 15 and December 15 of each year. Beginning December 15, 2023, Navient has the option to redeem the notes, in whole or in part, at a specified redemption price plus accrued interest, subject to the terms set forth in the governing indenture under which the notes were issued and trade under the ticker symbol JSM.

Navient Corporation, the issuer behind this debt issue, provides asset management and business processing solutions to education loan portfolios in the United States.