Navient Co. SR NT 6% 121543 (NASDAQ:JSM) Sees Significant Drop in Short Interest

Navient Co. SR NT 6% 121543 (NASDAQ:JSM) was the target of a significant decline in short interest in October. As of October 15th, there was short interest totaling 4,969 shares, a decline of 42.5% from the September 30th total of 8,641 shares. Based on an average daily volume of 14,323 shares, the short-interest ratio is currently 0.3 days.

Navient Co. SR NT 6% 121543 Price Performance

Shares of NASDAQ:JSM traded down $0.16 during trading on Friday, reaching $15.36. 61,477 shares of the stock were exchanged, compared to its average volume of 14,935. Navient Co. SR NT 6% 121543 has a 1-year low of $15.25 and a 1-year high of $20.65. The stock has a fifty day moving average of $17.07 and a two-hundred day moving average of $18.16.

Navient Co. SR NT 6% 121543 Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Monday, December 14th will be issued a dividend of $0.3750 per share. The ex-dividend date of this dividend is Monday, December 14th. This represents a $1.50 annualized dividend and a dividend yield of 9.8%.

About Navient Co. SR NT 6% 121543

Navient Corporation is a U.S.-based loan management and business-processing company. Its activities have historically included servicing and managing education loans, providing borrower support, and operating technology and administrative platforms for government and private-sector clients.

The company was formed in 2014 through the separation of Sallie Mae’s loan-management operations from its consumer-banking business. Navient has served borrowers and institutional clients primarily in the United States, with a focus on education-finance servicing, customer communications, payment processing, and related administrative services.

Navient Co SR NT 6% 121543, traded under the symbol JSM, represents senior notes issued by Navient Corporation rather than common equity in the company.