Short Interest in NewtekOne, Inc. 8.00% Fixed Rate Senior Notes due 2028 (NASDAQ:NEWTI) Drops By 60.0%

NewtekOne, Inc. 8.00% Fixed Rate Senior Notes due 2028 (NASDAQ:NEWTI) was the target of a large drop in short interest during the month of July. As of July 31st, there was short interest totaling 686 shares, a drop of 60.0% from the July 15th total of 1,713 shares. Based on an average daily trading volume, of 2,376 shares, the days-to-cover ratio is presently 0.3 days.

NewtekOne, Inc. 8.00% Fixed Rate Senior Notes due 2028 Stock Performance

NASDAQ NEWTI opened at $25.57 on Friday. NewtekOne, Inc. 8.00% Fixed Rate Senior Notes due 2028 has a 52 week low of $24.70 and a 52 week high of $25.70. The stock’s 50 day moving average price is $25.38 and its two-hundred day moving average price is $25.32.

NewtekOne, Inc. 8.00% Fixed Rate Senior Notes due 2028 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Friday, May 29th were issued a $0.50 dividend. The ex-dividend date was Friday, May 29th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 7.8%.

About NewtekOne, Inc. 8.00% Fixed Rate Senior Notes due 2028

The NewtekOne, Inc 8.00% Fixed Rate Senior Notes due 2028 are senior unsecured debt obligations issued by NewtekOne, Inc (NASDAQ:NEWTI). The notes bear a fixed annual interest rate of 8.00%, payable semi-annually, and mature in 2028. As senior unsecured obligations, they rank pari passu with all other existing and future senior unsecured indebtedness of NewtekOne, Inc and rank ahead of any subordinated debt in the company’s capital structure.

NewtekOne, Inc is the holding company for Newtek, a publicly traded business development company that provides a diversified suite of financial and business services to small and medium-sized enterprises across the United States.