Navient Co. SR NT 6% 121543 (NASDAQ:JSM) Shares Shorted: Short Interest Up 90.3% in September

Navient Co. SR NT 6% 121543 (NASDAQ:JSM – Get Free Report) saw a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 8,641 shares, an increase of 90.3% from the September 15th total of 4,540 shares. Based on an average trading volume of 32,896 shares, the short-interest ratio is currently 0.3 days.

Navient Co. SR NT 6% 121543 Trading Down 3.0%

NASDAQ:JSM traded down $0.50 during mid-day trading on Friday, hitting $16.00. 16,478 shares of the company’s stock were exchanged, compared to its average volume of 14,524. Navient Co. SR NT 6% 121543 has a one year low of $16.00 and a one year high of $20.65. The business has a fifty day moving average price of $17.52 and a 200 day moving average price of $17.94.

Navient Co. SR NT 6% 121543 Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Monday, December 14th will be issued a dividend of $0.3750 per share. This represents a $1.50 annualized dividend and a dividend yield of 9.4%. The ex-dividend date is Monday, December 14th.

About Navient Co. SR NT 6% 121543

(Get Free Report)

Navient Corporation is a U.S.-based loan management and business-processing company. Its activities have historically included servicing and managing education loans, providing borrower support, and operating technology and administrative platforms for government and private-sector clients.

The company was formed in 2014 through the separation of Sallie Mae’s loan-management operations from its consumer-banking business. Navient has served borrowers and institutional clients primarily in the United States, with a focus on education-finance servicing, customer communications, payment processing, and related administrative services.

Navient Co SR NT 6% 121543, traded under the symbol JSM, represents senior notes issued by Navient Corporation rather than common equity in the company.

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