Short Interest in NewtekOne, Inc. 8.00% Fixed Rate Senior Notes due 2028 (NASDAQ:NEWTI) Expands By 40.7%

NewtekOne, Inc. 8.00% Fixed Rate Senior Notes due 2028 (NASDAQ:NEWTI) was the recipient of a significant growth in short interest in February. As of February 13th, there was short interest totaling 2,348 shares, a growth of 40.7% from the January 29th total of 1,669 shares. Based on an average daily trading volume, of 1,735 shares, the short-interest ratio is currently 1.4 days. Based on an average daily trading volume, of 1,735 shares, the short-interest ratio is currently 1.4 days.

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

Shares of NASDAQ NEWTI traded down $0.02 during trading hours on Tuesday, hitting $24.93. 8,270 shares of the stock were exchanged, compared to its average volume of 4,715. NewtekOne, Inc. 8.00% Fixed Rate Senior Notes due 2028 has a 1-year low of $23.90 and a 1-year high of $25.82. The company’s fifty day simple moving average is $25.29 and its two-hundred day simple moving average is $25.16.

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

The business also recently declared a quarterly dividend, which was paid on Sunday, March 1st. Investors of record on Friday, February 27th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, February 27th. This represents a $2.00 annualized dividend and a dividend yield of 8.0%.

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.