NewtekOne, Inc. 8.00% Fixed Rate Senior Notes due 2028 (NASDAQ:NEWTI – Get Free Report) saw a significant drop in short interest in the month of July. As of July 31st, there was short interest totaling 686 shares, a drop of 60.0% from the July 15th total of 1,713 shares. Based on an average trading volume of 2,376 shares, the days-to-cover ratio is currently 0.3 days.
NewtekOne, Inc. 8.00% Fixed Rate Senior Notes due 2028 Stock Down 0.4%
NewtekOne, Inc. 8.00% Fixed Rate Senior Notes due 2028 stock traded down $0.10 during mid-day trading on Friday, reaching $25.57. 1,185 shares of the company traded hands, compared to its average volume of 2,574. The firm’s 50 day moving average price is $25.39 and its 200 day moving average price is $25.32. NewtekOne, Inc. 8.00% Fixed Rate Senior Notes due 2028 has a 52-week low of $24.70 and a 52-week high of $25.70.
NewtekOne, Inc. 8.00% Fixed Rate Senior Notes due 2028 Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Friday, May 29th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 7.8%. The ex-dividend date of this dividend was Friday, May 29th.
About NewtekOne, Inc. 8.00% Fixed Rate Senior Notes due 2028
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.
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