Short Interest in SWK Holdings Co. 9.00% Senior Notes due 2027 (NASDAQ:SWKHL) Grows By 107.9%

SWK Holdings Co. 9.00% Senior Notes due 2027 (NASDAQ:SWKHL) was the target of a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 3,013 shares, a growth of 107.9% from the July 15th total of 1,449 shares. Based on an average trading volume of 4,131 shares, the days-to-cover ratio is currently 0.7 days.

SWK Holdings Co. 9.00% Senior Notes due 2027 Stock Performance

SWKHL traded down $0.02 during trading hours on Friday, hitting $25.41. 335 shares of the stock were exchanged, compared to its average volume of 3,571. The stock has a 50-day simple moving average of $25.32 and a 200-day simple moving average of $25.45. SWK Holdings Co. 9.00% Senior Notes due 2027 has a 12 month low of $24.34 and a 12 month high of $25.92.

SWK Holdings Co. 9.00% Senior Notes due 2027 Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were issued a dividend of $0.5625 per share. This represents a $2.25 dividend on an annualized basis and a dividend yield of 8.9%. The ex-dividend date of this dividend was Monday, June 15th.

SWK Holdings Company is the indirect parent of Formica Corporation and related surfacing businesses. The company’s primary business activities center on the design, manufacturing and distribution of decorative surfacing materials for residential, commercial and industrial applications. Its product lines include high-pressure laminate, engineered quartz and solid surface sheets used in countertops, wall panels and furniture surfaces.

Under brands such as Formica® and Resopal®, SWK Holdings serves cabinet, furniture and flooring manufacturers, as well as commercial distributors.