Navient Co. SR NT 6% 121543 (NASDAQ:JSM) Short Interest Up 102.8% in December

Navient Co. SR NT 6% 121543 (NASDAQ:JSM) was the target of a large increase in short interest in December. As of December 31st, there was short interest totaling 8,743 shares, an increase of 102.8% from the December 15th total of 4,311 shares. Based on an average daily trading volume, of 44,774 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily trading volume, of 44,774 shares, the days-to-cover ratio is presently 0.2 days.

Navient Co. SR NT 6% 121543 Trading Up 0.8%

NASDAQ JSM opened at $19.76 on Thursday. The company has a 50 day moving average price of $19.61 and a two-hundred day moving average price of $19.41. Navient Co. SR NT 6% 121543 has a 12-month low of $16.51 and a 12-month high of $20.65.

Navient Co. SR NT 6% 121543 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Friday, March 13th will be issued a $0.375 dividend. The ex-dividend date is Friday, March 13th. This represents a $1.50 dividend on an annualized basis and a yield of 7.6%.

About Navient Co. SR NT 6% 121543

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.