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

Navient Co. SR NT 6% 121543 (NASDAQ:JSM) saw a large increase in short interest in June. As of June 30th, there was short interest totaling 17,581 shares, an increase of 205.2% from the June 15th total of 5,761 shares. Based on an average trading volume of 19,477 shares, the short-interest ratio is presently 0.9 days.

Navient Co. SR NT 6% 121543 Price Performance

Shares of NASDAQ JSM traded down $0.12 during trading on Tuesday, reaching $17.68. The stock had a trading volume of 12,185 shares, compared to its average volume of 13,994. Navient Co. SR NT 6% 121543 has a one year low of $17.57 and a one year high of $20.65. The firm’s 50 day moving average price is $18.28 and its two-hundred day moving average price is $18.84.

Navient Co. SR NT 6% 121543 Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, September 14th will be issued a dividend of $0.375 per share. The ex-dividend date of this dividend is Monday, September 14th. This represents a $1.50 annualized dividend and a dividend yield of 8.5%.

Navient Co. SR NT 6% 121543 Company Profile

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.