SWK Holdings Co. 9.00% Senior Notes due 2027 (NASDAQ:SWKHL) Short Interest Up 195.5% in May

SWK Holdings Co. 9.00% Senior Notes due 2027 (NASDAQ:SWKHL) saw a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 4,621 shares, a growth of 195.5% from the May 14th total of 1,564 shares. Based on an average trading volume of 3,320 shares, the days-to-cover ratio is currently 1.4 days.

SWK Holdings Co. 9.00% Senior Notes due 2027 Price Performance

Shares of NASDAQ:SWKHL opened at $25.68 on Friday. SWK Holdings Co. 9.00% Senior Notes due 2027 has a 12-month low of $25.13 and a 12-month high of $25.92. The business has a 50 day moving average of $25.47 and a two-hundred day moving average of $25.53.

SWK Holdings Co. 9.00% Senior Notes due 2027 Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be issued a $0.5625 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $2.25 dividend on an annualized basis and a yield of 8.8%.

SWK Holdings Company is the indirect parent of Formica Corporation and related surfacing businesses. The company’s primary business activities center on the design, manufacturing and distribution of decorative surfacing materials for residential, commercial and industrial applications. Its product lines include high-pressure laminate, engineered quartz and solid surface sheets used in countertops, wall panels and furniture surfaces.

Under brands such as Formica® and Resopal®, SWK Holdings serves cabinet, furniture and flooring manufacturers, as well as commercial distributors.