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

Navient Co. SR NT 6% 121543 (NASDAQ:JSM) was the target of a large increase in short interest during the month of February. As of February 27th, there was short interest totaling 6,754 shares, an increase of 176.6% from the February 12th total of 2,442 shares. Based on an average trading volume of 15,400 shares, the short-interest ratio is currently 0.4 days. Based on an average trading volume of 15,400 shares, the short-interest ratio is currently 0.4 days.

Navient Co. SR NT 6% 121543 Trading Down 0.7%

JSM stock traded down $0.14 during midday trading on Thursday, reaching $19.02. 16,983 shares of the company’s stock traded hands, compared to its average volume of 14,148. The company has a 50-day simple moving average of $19.63 and a two-hundred day simple moving average of $19.58. Navient Co. SR NT 6% 121543 has a 1-year low of $16.51 and a 1-year high of $20.65.

Navient Co. SR NT 6% 121543 Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Friday, March 13th will be issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 7.9%. The ex-dividend date is Friday, March 13th.

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.