Navient Co. SR NT 6% 121543 (NASDAQ:JSM) Short Interest Update

Navient Co. SR NT 6% 121543 (NASDAQ:JSM) was the target of a significant decrease in short interest in April. As of April 15th, there was short interest totaling 4,460 shares, a decrease of 74.4% from the March 31st total of 17,454 shares. Based on an average daily volume of 11,396 shares, the days-to-cover ratio is currently 0.4 days.

Navient Co. SR NT 6% 121543 Stock Performance

Shares of NASDAQ JSM traded down $0.02 during trading hours on Friday, reaching $18.57. The stock had a trading volume of 5,837 shares, compared to its average volume of 15,698. The business’s fifty day moving average is $18.71 and its two-hundred day moving average is $19.30. Navient Co. SR NT 6% 121543 has a twelve month low of $17.44 and a twelve month high of $20.65.

Navient Co. SR NT 6% 121543 Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, June 12th will be paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 8.1%. The ex-dividend date is Friday, June 12th.

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.