Navient Co. SR NT 6% 121543 (NASDAQ:JSM) Sees Large Decrease in Short Interest

Navient Co. SR NT 6% 121543 (NASDAQ:JSM) saw a significant decrease in short interest during the month of April. As of April 30th, there was short interest totaling 2,154 shares, a decrease of 51.7% from the April 15th total of 4,460 shares. Based on an average daily volume of 11,415 shares, the days-to-cover ratio is presently 0.2 days.

Navient Co. SR NT 6% 121543 Stock Down 0.8%

Shares of NASDAQ:JSM traded down $0.14 during trading on Friday, hitting $18.51. 6,405 shares of the company traded hands, compared to its average volume of 14,566. The business’s fifty day moving average is $18.48 and its 200-day moving average is $19.19. Navient Co. SR NT 6% 121543 has a one year low of $17.76 and a one year high of $20.65.

Navient Co. SR NT 6% 121543 Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, June 12th will be issued a dividend of $0.375 per share. The ex-dividend date of this dividend is Friday, June 12th. This represents a $1.50 annualized dividend and a dividend yield of 8.1%.

About Navient Co. SR NT 6% 121543

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.