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

Navient Co. SR NT 6% 121543 (NASDAQ:JSM) was the recipient of a significant growth in short interest in August. As of August 31st, there was short interest totaling 6,579 shares, a growth of 75.0% from the August 15th total of 3,759 shares. Based on an average trading volume of 7,820 shares, the short-interest ratio is currently 0.8 days.

Navient Co. SR NT 6% 121543 Stock Performance

Shares of NASDAQ JSM opened at $17.59 on Friday. The stock’s 50 day moving average price is $17.81 and its two-hundred day moving average price is $18.19. Navient Co. SR NT 6% 121543 has a 52-week low of $17.24 and a 52-week high of $20.65.

Navient Co. SR NT 6% 121543 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Monday, September 14th were given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 8.5%. The ex-dividend date of this dividend was Monday, September 14th.

About Navient Co. SR NT 6% 121543

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.