SLM Co. (NASDAQ:SLMBP) Short Interest Up 94.1% in November

SLM Co. (NASDAQ:SLMBP) was the target of a significant growth in short interest during the month of November. As of November 15th, there was short interest totalling 6,600 shares, a growth of 94.1% from the October 31st total of 3,400 shares. Based on an average trading volume of 13,400 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Trading of SLM

An institutional investor recently raised its position in SLM stock. Shikiar Asset Management Inc. boosted its stake in shares of SLM Co. (NASDAQ:SLMBP) by 2.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 122,518 shares of the company’s stock after buying an additional 3,390 shares during the quarter. SLM accounts for about 2.5% of Shikiar Asset Management Inc.’s holdings, making the stock its 15th biggest holding. Shikiar Asset Management Inc.’s holdings in SLM were worth $9,284,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

SLM Price Performance

Shares of NASDAQ SLMBP traded up $0.08 during mid-day trading on Friday, reaching $75.02. The company’s stock had a trading volume of 18,854 shares, compared to its average volume of 11,966. SLM has a 1-year low of $66.00 and a 1-year high of $80.67. The stock has a 50-day moving average of $74.49 and a two-hundred day moving average of $75.70.

SLM Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Thursday, December 5th will be given a dividend of $1.7449 per share. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $6.98 dividend on an annualized basis and a yield of 9.30%.

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.