Newtek Business Services Corp. 5.50% Notes Due 2026 (NASDAQ:NEWTZ) Sees Significant Increase in Short Interest

Newtek Business Services Corp. 5.50% Notes Due 2026 (NASDAQ:NEWTZ) was the target of a large growth in short interest during the month of December. As of December 31st, there was short interest totaling 4,163 shares, a growth of 42.5% from the December 15th total of 2,922 shares. Based on an average trading volume of 4,274 shares, the days-to-cover ratio is presently 1.0 days. Based on an average trading volume of 4,274 shares, the days-to-cover ratio is presently 1.0 days.

Newtek Business Services Corp. 5.50% Notes Due 2026 Stock Performance

Shares of NEWTZ traded down $0.02 during trading hours on Friday, reaching $24.92. 1,708 shares of the company’s stock traded hands, compared to its average volume of 4,592. Newtek Business Services Corp. 5.50% Notes Due 2026 has a 12 month low of $24.41 and a 12 month high of $25.26. The firm’s 50 day simple moving average is $25.07 and its 200-day simple moving average is $24.99.

Newtek Business Services Corp. 5.50% Notes Due 2026 Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Sunday, February 1st. Shareholders of record on Thursday, January 15th will be paid a $0.3438 dividend. This represents a $1.38 dividend on an annualized basis and a yield of 5.5%. The ex-dividend date of this dividend is Thursday, January 15th.

About Newtek Business Services Corp. 5.50% Notes Due 2026

Newtek Business Services Corp. is a diversified financial technology company and internally managed business development company (BDC) that offers a suite of integrated business services to small and mid-sized enterprises across the United States. Through its banking, lending, payment processing, payroll and human resources, and e-commerce solutions, Newtek seeks to streamline operations and improve efficiency for its clients. The company’s model combines traditional commercial lending with value-added services designed to support every stage of a business’s lifecycle, from startup through growth and maturity.

The 5.50% Notes due 2026, traded under the ticker NEWTZ on the NASDAQ, represent senior unsecured obligations of Newtek Business Services Corp.