SWK Holdings Co. 9.00% Senior Notes due 2027 (NASDAQ:SWKHL) Short Interest Update

SWK Holdings Co. 9.00% Senior Notes due 2027 (NASDAQ:SWKHL) was the target of a large decrease in short interest in June. As of June 30th, there was short interest totaling 1,968 shares, a decrease of 44.3% from the June 15th total of 3,535 shares. Based on an average trading volume of 4,119 shares, the days-to-cover ratio is currently 0.5 days.

SWK Holdings Co. 9.00% Senior Notes due 2027 Trading Down 0.0%

Shares of SWK Holdings Co. 9.00% Senior Notes due 2027 stock traded down $0.01 during trading on Thursday, hitting $25.27. 787 shares of the company’s stock traded hands, compared to its average volume of 3,511. SWK Holdings Co. 9.00% Senior Notes due 2027 has a 1 year low of $25.13 and a 1 year high of $25.92. The business has a 50-day simple moving average of $25.41 and a 200-day simple moving average of $25.48.

SWK Holdings Co. 9.00% Senior Notes due 2027 Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were paid a $0.5625 dividend. This represents a $2.25 annualized dividend and a dividend yield of 8.9%. The ex-dividend date was Monday, June 15th.

SWK Holdings Company is the indirect parent of Formica Corporation and related surfacing businesses. The company’s primary business activities center on the design, manufacturing and distribution of decorative surfacing materials for residential, commercial and industrial applications. Its product lines include high-pressure laminate, engineered quartz and solid surface sheets used in countertops, wall panels and furniture surfaces.

Under brands such as Formica® and Resopal®, SWK Holdings serves cabinet, furniture and flooring manufacturers, as well as commercial distributors.