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

SLM Co. (NASDAQ:SLMBP) saw a significant growth in short interest in 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 currently 0.5 days.

SLM Trading Up 0.1 %

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

SLM Cuts Dividend

The company also recently declared 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 annualized dividend and a dividend yield of 9.30%.

Institutional Investors Weigh In On SLM

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

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.