SWK Holdings Co. 9.00% Senior Notes due 2027 (NASDAQ:SWKHL) Short Interest Down 44.3% in June

SWK Holdings Co. 9.00% Senior Notes due 2027 (NASDAQ:SWKHL) was the recipient of a large drop in short interest in the month of June. As of June 30th, there was short interest totaling 1,968 shares, a drop of 44.3% from the June 15th total of 3,535 shares. Based on an average trading volume of 4,119 shares, the short-interest ratio is presently 0.5 days.

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

NASDAQ SWKHL opened at $25.28 on Friday. SWK Holdings Co. 9.00% Senior Notes due 2027 has a 52 week low of $25.13 and a 52 week high of $25.92. The business has a 50 day moving average price of $25.41 and a 200-day moving average price of $25.48.

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

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were issued a $0.5625 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $2.25 annualized dividend and a 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.