SLM Co. (NASDAQ:SLMBP) Sees Large Decline in Short Interest

SLM Co. (NASDAQ:SLMBP) was the recipient of a large decline in short interest in the month of December. As of December 31st, there was short interest totalling 5,300 shares, a decline of 42.4% from the December 15th total of 9,200 shares. Based on an average daily trading volume, of 11,500 shares, the days-to-cover ratio is presently 0.5 days.

SLM Stock Up 0.4 %

Shares of SLMBP stock traded up $0.32 during trading on Tuesday, hitting $73.22. 9,542 shares of the stock traded hands, compared to its average volume of 4,336. The firm’s fifty day moving average price is $74.25 and its 200-day moving average price is $75.20. SLM has a 52-week low of $68.60 and a 52-week high of $80.67.

SLM Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Thursday, December 5th were given a dividend of $1.7449 per share. This represents a $6.98 annualized dividend and a dividend yield of 9.53%. The ex-dividend date was Thursday, December 5th.

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.