Short Interest in SWK Holdings Co. 9.00% Senior Notes due 2027 (NASDAQ:SWKHL) Grows By 107.9%

SWK Holdings Co. 9.00% Senior Notes due 2027 (NASDAQ:SWKHL) was the recipient of a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 3,013 shares, a growth of 107.9% from the July 15th total of 1,449 shares. Based on an average daily trading volume, of 4,131 shares, the short-interest ratio is currently 0.7 days.

SWK Holdings Co. 9.00% Senior Notes due 2027 Stock Performance

Shares of SWKHL traded down $0.02 during midday trading on Friday, hitting $25.41. 335 shares of the stock traded hands, compared to its average volume of 3,571. The business’s 50 day moving average price is $25.32 and its two-hundred day moving average price is $25.45. SWK Holdings Co. 9.00% Senior Notes due 2027 has a 1-year low of $24.34 and a 1-year high of $25.92.

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

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

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.