Navient Co. SR NT 6% 121543 (NASDAQ:JSM) Sees Significant Drop in Short Interest

Navient Co. SR NT 6% 121543 (NASDAQ:JSM) was the target of a large decrease in short interest in January. As of January 30th, there was short interest totaling 14,921 shares, a decrease of 44.4% from the January 15th total of 26,837 shares. Based on an average daily volume of 11,157 shares, the days-to-cover ratio is currently 1.3 days. Based on an average daily volume of 11,157 shares, the days-to-cover ratio is currently 1.3 days.

Navient Co. SR NT 6% 121543 Stock Down 0.5%

NASDAQ:JSM traded down $0.10 during mid-day trading on Friday, reaching $19.60. The stock had a trading volume of 15,650 shares, compared to its average volume of 12,238. Navient Co. SR NT 6% 121543 has a 1-year low of $16.51 and a 1-year high of $20.65. The stock’s 50 day simple moving average is $19.74 and its two-hundred day simple moving average is $19.54.

Navient Co. SR NT 6% 121543 Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Friday, March 13th will be given a $0.375 dividend. The ex-dividend date is Friday, March 13th. This represents a $1.50 annualized dividend and a dividend yield of 7.7%.

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.