SWK Holdings Co. 9.00% Senior Notes due 2027 (NASDAQ:SWKHL) Short Interest Update

SWK Holdings Co. 9.00% Senior Notes due 2027 (NASDAQ:SWKHL) was the target of a significant decline in short interest in the month of June. As of June 30th, there was short interest totaling 1,968 shares, a decline of 44.3% from the June 15th total of 3,535 shares. Based on an average daily volume of 4,119 shares, the short-interest ratio is currently 0.5 days.

SWK Holdings Co. 9.00% Senior Notes due 2027 Trading Down 0.1%

SWK Holdings Co. 9.00% Senior Notes due 2027 stock opened at $25.25 on Friday. The stock has a fifty day moving average price of $25.41 and a 200 day moving average price of $25.48. SWK Holdings Co. 9.00% Senior Notes due 2027 has a 52 week low of $25.13 and a 52 week high of $25.92.

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

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were issued a $0.5625 dividend. The ex-dividend date was Monday, June 15th. This represents a $2.25 annualized dividend and a yield of 8.9%.

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.