SLM Co. (NASDAQ:SLMBP) Short Interest Update

SLM Co. (NASDAQ:SLMBP) saw a significant drop in short interest in February. As of February 15th, there was short interest totalling 5,900 shares, a drop of 11.9% from the January 31st total of 6,700 shares. Based on an average daily trading volume, of 10,600 shares, the short-interest ratio is presently 0.6 days.

SLM Price Performance

Shares of SLM stock traded down $0.18 on Thursday, reaching $74.37. The stock had a trading volume of 571 shares, compared to its average volume of 5,232. SLM has a fifty-two week low of $72.21 and a fifty-two week high of $80.67. The business’s 50-day moving average price is $74.70 and its two-hundred day moving average price is $74.83.

SLM Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Wednesday, March 5th will be given a $1.5951 dividend. This represents a $6.38 annualized dividend and a dividend yield of 8.58%. The ex-dividend date is Wednesday, March 5th.

Hedge Funds Weigh In On SLM

A hedge fund recently raised its stake in SLM stock. Shikiar Asset Management Inc. grew its stake in SLM Co. (NASDAQ:SLMBP) by 3.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 118,093 shares of the company’s stock after purchasing an additional 3,850 shares during the period. SLM comprises about 2.3% of Shikiar Asset Management Inc.’s investment portfolio, making the stock its 13th biggest position. Shikiar Asset Management Inc.’s holdings in SLM were worth $8,739,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

About SLM

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.