SLM Co. (NASDAQ:SLMBP) Sees Large Decline in Short Interest

SLM Co. (NASDAQ:SLMBP) saw a significant decline in short interest in the month of December. As of December 31st, there was short interest totalling 5,300 shares, a decline of 42.4% from the December 15th total of 9,200 shares. Based on an average daily volume of 11,500 shares, the days-to-cover ratio is presently 0.5 days.

SLM Stock Performance

Shares of NASDAQ:SLMBP traded up $0.32 during trading on Tuesday, hitting $73.22. The company’s stock had a trading volume of 9,542 shares, compared to its average volume of 4,336. The business has a 50 day moving average price of $74.25 and a two-hundred day moving average price of $75.20. SLM has a fifty-two week low of $68.60 and a fifty-two 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 $1.7449 dividend. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $6.98 annualized dividend and a dividend yield of 9.53%.

SLM Company Profile

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.