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

Navient Co. SR NT 6% 121543 (NASDAQ:JSM) was the target of a large decline in short interest in December. As of December 15th, there was short interest totaling 4,311 shares, a decline of 26.1% from the November 30th total of 5,835 shares. Based on an average trading volume of 12,669 shares, the days-to-cover ratio is currently 0.3 days. Based on an average trading volume of 12,669 shares, the days-to-cover ratio is currently 0.3 days.

Navient Co. SR NT 6% 121543 Trading Up 1.4%

Shares of JSM traded up $0.28 on Tuesday, reaching $20.38. The stock had a trading volume of 93,796 shares, compared to its average volume of 16,498. The company has a 50-day simple moving average of $19.48 and a 200-day simple moving average of $19.33. Navient Co. SR NT 6% 121543 has a 12-month low of $16.51 and a 12-month high of $20.45.

Navient Co. SR NT 6% 121543 (NASDAQ:JSM) last posted its quarterly earnings data on Monday, February 28th. The company reported $0.97 earnings per share (EPS) for the quarter. The firm had revenue of $511.00 million during the quarter.

Navient Co. SR NT 6% 121543 Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Friday, March 13th will be paid a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 7.4%. The ex-dividend date of this dividend is Friday, March 13th.

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.