Short Interest in SLM Co. (NASDAQ:SLMBP) Decreases By 22.0%

SLM Co. (NASDAQ:SLMBP) was the recipient of a significant decrease in short interest during the month of August. As of August 31st, there was short interest totalling 4,600 shares, a decrease of 22.0% from the August 15th total of 5,900 shares. Based on an average trading volume of 9,100 shares, the short-interest ratio is currently 0.5 days.

SLM Price Performance

Shares of SLMBP stock opened at $76.22 on Monday. SLM has a one year low of $60.00 and a one year high of $80.67. The company’s 50-day moving average is $76.32 and its 200 day moving average is $75.84.

SLM Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Thursday, September 5th will be given a dividend of $1.8467 per share. This represents a $7.39 annualized dividend and a dividend yield of 9.69%. The ex-dividend date is Thursday, September 5th.

Hedge Funds Weigh In On SLM

An institutional investor recently raised its position in SLM stock. Shikiar Asset Management Inc. raised its stake in shares of SLM Co. (NASDAQ:SLMBP) by 2.8% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 122,518 shares of the company’s stock after acquiring an additional 3,390 shares during the period. SLM makes up approximately 2.5% of Shikiar Asset Management Inc.’s holdings, making the stock its 15th biggest position. Shikiar Asset Management Inc.’s holdings in SLM were worth $9,284,000 as of its most recent SEC filing.

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.