Short Interest in SLM Co. (NASDAQ:SLMBP) Declines By 22.7%

SLM Co. (NASDAQ:SLMBP) was the target of a large decline in short interest in November. As of November 30th, there was short interest totalling 5,100 shares, a decline of 22.7% from the November 15th total of 6,600 shares. Based on an average daily trading volume, of 14,000 shares, the days-to-cover ratio is presently 0.4 days.

SLM Price Performance

Shares of NASDAQ:SLMBP traded down $0.06 on Friday, reaching $74.00. The company had a trading volume of 4,911 shares, compared to its average volume of 11,857. The stock has a 50-day moving average price of $74.34 and a 200 day moving average price of $75.51. SLM has a twelve month low of $66.00 and a twelve month high of $80.67.

SLM Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Thursday, December 5th will be issued a dividend of $1.7449 per share. This represents a $6.98 dividend on an annualized basis and a yield of 9.43%. The ex-dividend date is Thursday, December 5th.

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.