Navient Co. SR NT 6% 121543 (NASDAQ:JSM) Short Interest Update

Navient Co. SR NT 6% 121543 (NASDAQ:JSM) was the target of a large decline in short interest in the month of 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 short-interest ratio is presently 0.3 days. Based on an average trading volume of 12,669 shares, the short-interest ratio is presently 0.3 days.

Navient Co. SR NT 6% 121543 Stock Performance

Shares of NASDAQ:JSM traded up $0.28 during midday trading on Tuesday, reaching $20.38. 93,796 shares of the company traded hands, compared to its average volume of 16,498. The firm’s fifty day moving average price is $19.48 and its two-hundred day moving average price is $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 announced its earnings results on Monday, February 28th. The company reported $0.97 earnings per share (EPS) for the quarter. The company had revenue of $511.00 million for the quarter.

Navient Co. SR NT 6% 121543 Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Friday, March 13th will be given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 7.4%. The ex-dividend date 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.