NewtekOne, Inc. 8.00% Fixed Rate Senior Notes due 2028 (NASDAQ:NEWTI) Sees Significant Growth in Short Interest

NewtekOne, Inc. 8.00% Fixed Rate Senior Notes due 2028 (NASDAQ:NEWTI) saw a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 1,639 shares, a growth of 86.0% from the September 15th total of 881 shares. Based on an average daily volume of 1,631 shares, the days-to-cover ratio is presently 1.0 days.

NewtekOne, Inc. 8.00% Fixed Rate Senior Notes due 2028 Trading Down 0.0%

Shares of NewtekOne, Inc. 8.00% Fixed Rate Senior Notes due 2028 stock opened at $24.93 on Thursday. The business’s 50 day simple moving average is $25.27 and its 200-day simple moving average is $25.31. NewtekOne, Inc. 8.00% Fixed Rate Senior Notes due 2028 has a twelve month low of $24.35 and a twelve month high of $25.70.

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

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Monday, August 31st were given a dividend of $0.50 per share. The ex-dividend date was Monday, August 31st. This represents a $2.00 dividend on an annualized basis and a yield of 8.0%.

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

NewtekOne, Inc is a bank holding company focused on providing financial and business services to small and medium-sized businesses in the United States. Through its principal banking subsidiary, Newtek Bank, National Association, the company offers commercial lending, business deposit products and other banking services designed to support the operating and financing needs of business owners.

NewtekOne’s platform also incorporates services historically associated with Newtek Business Services, including Small Business Administration lending, commercial real estate financing, electronic payment processing, payroll and benefits administration, insurance solutions, and technology-related business services.