NewtekOne, Inc. 8.00% Fixed Rate Senior Notes due 2028 (NASDAQ:NEWTI) Sees Large Growth in Short Interest

NewtekOne, Inc. 8.00% Fixed Rate Senior Notes due 2028 (NASDAQ:NEWTI) was the recipient of a significant increase in short interest during the month of May. As of May 29th, there was short interest totaling 3,721 shares, an increase of 64.2% from the May 14th total of 2,266 shares. Based on an average trading volume of 4,365 shares, the short-interest ratio is currently 0.9 days.

NewtekOne, Inc. 8.00% Fixed Rate Senior Notes due 2028 Price Performance

NASDAQ NEWTI opened at $25.43 on Tuesday. NewtekOne, Inc. 8.00% Fixed Rate Senior Notes due 2028 has a 12 month low of $24.70 and a 12 month high of $25.70. The stock’s fifty day moving average price is $25.32 and its 200-day moving average price is $25.26.

NewtekOne, Inc. 8.00% Fixed Rate Senior Notes due 2028 Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Friday, May 29th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 7.9%. The ex-dividend date of this dividend was Friday, May 29th.

NewtekOne, Inc. 8.00% Fixed Rate Senior Notes due 2028 Company Profile

The NewtekOne, Inc 8.00% Fixed Rate Senior Notes due 2028 are senior unsecured debt obligations issued by NewtekOne, Inc (NASDAQ:NEWTI). The notes bear a fixed annual interest rate of 8.00%, payable semi-annually, and mature in 2028. As senior unsecured obligations, they rank pari passu with all other existing and future senior unsecured indebtedness of NewtekOne, Inc and rank ahead of any subordinated debt in the company’s capital structure.

NewtekOne, Inc is the holding company for Newtek, a publicly traded business development company that provides a diversified suite of financial and business services to small and medium-sized enterprises across the United States.