NewtekOne, Inc. 8.00% Fixed Rate Senior Notes due 2028 (NASDAQ:NEWTI) Sees Significant Decrease in Short Interest

NewtekOne, Inc. 8.00% Fixed Rate Senior Notes due 2028 (NASDAQ:NEWTI) was the recipient of a large decline in short interest in the month of March. As of March 31st, there was short interest totaling 2,864 shares, a decline of 34.4% from the March 15th total of 4,369 shares. Based on an average trading volume of 1,119 shares, the short-interest ratio is currently 2.6 days.

NewtekOne, Inc. 8.00% Fixed Rate Senior Notes due 2028 Stock Down 0.5%

NEWTI stock traded down $0.14 during midday trading on Tuesday, hitting $25.32. The stock had a trading volume of 476 shares, compared to its average volume of 3,432. NewtekOne, Inc. 8.00% Fixed Rate Senior Notes due 2028 has a 12-month low of $24.51 and a 12-month high of $25.82. The company’s 50-day moving average price is $25.23 and its 200 day moving average price is $25.21.

NewtekOne, Inc. 8.00% Fixed Rate Senior Notes due 2028 Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Sunday, March 1st. Shareholders of record on Friday, February 27th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 7.9%. The ex-dividend date of this dividend was Friday, February 27th.

NewtekOne, Inc. 8.00% Fixed Rate Senior Notes due 2028 Company Profile

The NewtekOne, Inc 8.00% Fixed Rate Senior Notes due 2028 are senior unsecured debt obligations issued by NewtekOne, Inc (NASDAQ:NEWTI). The notes bear a fixed annual interest rate of 8.00%, payable semi-annually, and mature in 2028. As senior unsecured obligations, they rank pari passu with all other existing and future senior unsecured indebtedness of NewtekOne, Inc and rank ahead of any subordinated debt in the company’s capital structure.

NewtekOne, Inc is the holding company for Newtek, a publicly traded business development company that provides a diversified suite of financial and business services to small and medium-sized enterprises across the United States.