SWK Holdings Co. 9.00% Senior Notes due 2027 (NASDAQ:SWKHL – Get Free Report) was the recipient of a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 3,013 shares, a growth of 107.9% from the July 15th total of 1,449 shares. Based on an average daily volume of 4,131 shares, the days-to-cover ratio is currently 0.7 days.
SWK Holdings Co. 9.00% Senior Notes due 2027 Trading Down 0.1%
Shares of SWKHL stock opened at $25.41 on Friday. SWK Holdings Co. 9.00% Senior Notes due 2027 has a 12 month low of $24.34 and a 12 month high of $25.92. The business’s 50 day moving average is $25.32 and its two-hundred day moving average is $25.45.
SWK Holdings Co. 9.00% Senior Notes due 2027 Cuts Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were issued a dividend of $0.5625 per share. This represents a $2.25 annualized dividend and a dividend yield of 8.9%. The ex-dividend date of this dividend was Monday, June 15th.
SWK Holdings Company is the indirect parent of Formica Corporation and related surfacing businesses. The company’s primary business activities center on the design, manufacturing and distribution of decorative surfacing materials for residential, commercial and industrial applications. Its product lines include high-pressure laminate, engineered quartz and solid surface sheets used in countertops, wall panels and furniture surfaces.
Under brands such as Formica® and Resopal®, SWK Holdings serves cabinet, furniture and flooring manufacturers, as well as commercial distributors.
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