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

Navient Co. SR NT 6% 121543 (NASDAQ:JSM) was the recipient of a large decrease in short interest in April. As of April 15th, there was short interest totaling 4,460 shares, a decrease of 74.4% from the March 31st total of 17,454 shares. Based on an average daily trading volume, of 11,396 shares, the days-to-cover ratio is currently 0.4 days.

Navient Co. SR NT 6% 121543 Price Performance

NASDAQ:JSM traded down $0.02 during trading hours on Friday, reaching $18.57. 5,837 shares of the company traded hands, compared to its average volume of 15,698. The firm’s 50-day moving average is $18.71 and its 200-day moving average is $19.30. Navient Co. SR NT 6% 121543 has a 1-year low of $17.44 and a 1-year high of $20.65.

Navient Co. SR NT 6% 121543 Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, June 12th will be given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 8.1%. The ex-dividend date is Friday, June 12th.

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.