Newtek Business Services Corp. 5.50% Notes Due 2026 (NASDAQ:NEWTZ – Get Free Report) was the target of a significant growth in short interest in December. As of December 31st, there was short interest totaling 4,163 shares, a growth of 42.5% from the December 15th total of 2,922 shares. Based on an average daily trading volume, of 4,274 shares, the days-to-cover ratio is currently 1.0 days. Based on an average daily trading volume, of 4,274 shares, the days-to-cover ratio is currently 1.0 days.
Newtek Business Services Corp. 5.50% Notes Due 2026 Price Performance
NEWTZ traded down $0.02 during mid-day trading on Friday, hitting $24.92. 1,708 shares of the stock were exchanged, compared to its average volume of 4,592. The firm’s fifty day moving average is $25.07 and its two-hundred day moving average is $24.99. Newtek Business Services Corp. 5.50% Notes Due 2026 has a 1-year low of $24.41 and a 1-year high of $25.26.
Newtek Business Services Corp. 5.50% Notes Due 2026 Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Sunday, February 1st. Shareholders of record on Thursday, January 15th will be issued a dividend of $0.3438 per share. The ex-dividend date is Thursday, January 15th. This represents a $1.38 dividend on an annualized basis and a yield of 5.5%.
About Newtek Business Services Corp. 5.50% Notes Due 2026
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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