Short Interest in Navient Co. SR NT 6% 121543 (NASDAQ:JSM) Grows By 102.8%

Navient Co. SR NT 6% 121543 (NASDAQ:JSM) saw a significant growth in short interest during the month of December. As of December 31st, there was short interest totaling 8,743 shares, a growth of 102.8% from the December 15th total of 4,311 shares. Based on an average daily volume of 44,774 shares, the short-interest ratio is presently 0.2 days. Based on an average daily volume of 44,774 shares, the short-interest ratio is presently 0.2 days.

Navient Co. SR NT 6% 121543 Trading Up 0.1%

Shares of NASDAQ:JSM traded up $0.02 during midday trading on Friday, hitting $19.73. 6,501 shares of the stock were exchanged, compared to its average volume of 12,800. Navient Co. SR NT 6% 121543 has a twelve month low of $16.51 and a twelve month high of $20.65. The company has a 50 day moving average price of $19.64 and a 200-day moving average price of $19.42.

Navient Co. SR NT 6% 121543 Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Friday, March 13th will be issued a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 7.6%. The ex-dividend date of this dividend is Friday, March 13th.

Navient Co. SR NT 6% 121543 Company Profile

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.