Short Interest in NewtekOne, Inc. 8.00% Fixed Rate Senior Notes due 2028 (NASDAQ:NEWTI) Increases By 325.8%

NewtekOne, Inc. 8.00% Fixed Rate Senior Notes due 2028 (NASDAQ:NEWTI) was the target of a large increase in short interest in January. As of January 30th, there was short interest totaling 1,669 shares, an increase of 325.8% from the January 15th total of 392 shares. Based on an average daily trading volume, of 950 shares, the days-to-cover ratio is currently 1.8 days. Based on an average daily trading volume, of 950 shares, the days-to-cover ratio is currently 1.8 days.

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

Shares of NEWTI stock traded down $0.08 during mid-day trading on Wednesday, hitting $25.38. The company had a trading volume of 2,246 shares, compared to its average volume of 1,238. The stock’s 50 day moving average price is $25.22 and its 200-day moving average price is $25.16. NewtekOne, Inc. 8.00% Fixed Rate Senior Notes due 2028 has a 52-week low of $23.90 and a 52-week high of $25.82.

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

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, March 1st. Shareholders of record on Friday, February 27th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 7.9%. The ex-dividend date of this dividend is Friday, February 27th.

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

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.