Navient Co. SR NT 6% 121543 (NASDAQ:JSM) Short Interest Down 39.6% in August

Navient Co. SR NT 6% 121543 (NASDAQ:JSM) was the recipient of a large decrease in short interest in August. As of August 14th, there was short interest totaling 3,759 shares, a decrease of 39.6% from the July 30th total of 6,225 shares. Based on an average daily trading volume, of 13,652 shares, the short-interest ratio is presently 0.3 days.

Navient Co. SR NT 6% 121543 Stock Performance

NASDAQ JSM traded down $0.01 during mid-day trading on Monday, hitting $18.21. The company’s stock had a trading volume of 5,995 shares, compared to its average volume of 13,347. The company’s 50 day simple moving average is $17.79 and its 200 day simple moving average is $18.35. Navient Co. SR NT 6% 121543 has a twelve month low of $17.24 and a twelve month high of $20.65.

Navient Co. SR NT 6% 121543 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, September 14th will be given a $0.375 dividend. The ex-dividend date of this dividend is Monday, September 14th. This represents a $1.50 annualized dividend and a yield of 8.2%.

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.