Newtek Business Services Corp. 5.50% Notes Due 2026 (NASDAQ:NEWTZ) Sees Significant Increase in Short Interest

Newtek Business Services Corp. 5.50% Notes Due 2026 (NASDAQ:NEWTZGet Free Report) saw a significant growth in short interest in January. As of January 15th, there was short interest totaling 5,207 shares, a growth of 25.1% from the December 31st total of 4,163 shares. Based on an average daily trading volume, of 4,933 shares, the days-to-cover ratio is currently 1.1 days. Based on an average daily trading volume, of 4,933 shares, the days-to-cover ratio is currently 1.1 days.

Newtek Business Services Corp. 5.50% Notes Due 2026 Trading Up 0.0%

Shares of NEWTZ stock traded up $0.01 on Monday, hitting $24.98. The company’s stock had a trading volume of 1,540 shares, compared to its average volume of 4,418. Newtek Business Services Corp. 5.50% Notes Due 2026 has a fifty-two week low of $24.41 and a fifty-two week high of $25.26. The stock’s 50 day moving average is $25.08 and its 200-day moving average is $24.99.

Newtek Business Services Corp. 5.50% Notes Due 2026 Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Sunday, February 1st. Shareholders of record on Thursday, January 15th were given a dividend of $0.3438 per share. This represents a $1.38 dividend on an annualized basis and a dividend yield of 5.5%. The ex-dividend date was Thursday, January 15th.

About Newtek Business Services Corp. 5.50% Notes Due 2026

(Get Free Report)

Newtek Business Services Corp. is a diversified financial technology company and internally managed business development company (BDC) that offers a suite of integrated business services to small and mid-sized enterprises across the United States. Through its banking, lending, payment processing, payroll and human resources, and e-commerce solutions, Newtek seeks to streamline operations and improve efficiency for its clients. The company’s model combines traditional commercial lending with value-added services designed to support every stage of a business’s lifecycle, from startup through growth and maturity.

The 5.50% Notes due 2026, traded under the ticker NEWTZ on the NASDAQ, represent senior unsecured obligations of Newtek Business Services Corp.

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