SLM Co. (NASDAQ:SLMBP) Short Interest Up 80.4% in December

by · The Cerbat Gem

SLM Co. (NASDAQ:SLMBP – Get Free Report) was the target of a significant increase in short interest during the month of December. As of December 15th, there was short interest totalling 9,200 shares, an increase of 80.4% from the November 30th total of 5,100 shares. Based on an average trading volume of 13,100 shares, the days-to-cover ratio is currently 0.7 days.

SLM Price Performance

Shares of SLM stock traded down $0.28 during trading on Friday, hitting $73.82. 2,995 shares of the stock traded hands, compared to its average volume of 11,652. The firm’s fifty day moving average is $74.29 and its 200-day moving average is $75.34. SLM has a 52 week low of $66.00 and a 52 week high of $80.67.

SLM Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Thursday, December 5th were paid a dividend of $1.7449 per share. This represents a $6.98 annualized dividend and a dividend yield of 9.45%. The ex-dividend date was Thursday, December 5th.

About SLM

(Get Free Report)

SLM Corporation, through its subsidiaries, originates and services private education loans to students and their families to finance the cost of their education in the United States. It is also involved in the provision of retail deposit accounts, including certificates of deposit, money market accounts, and high-yield savings accounts; and interest-bearing omnibus accounts.

Featured Stories