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

SLM Co. (NASDAQ:SLMBP) was the target of a large decline in short interest in the month of 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 trading volume of 14,000 shares, the short-interest ratio is currently 0.4 days.

SLM Price Performance

SLMBP traded up $0.10 during trading hours on Monday, hitting $74.10. 8,141 shares of the company’s stock were exchanged, compared to its average volume of 11,842. SLM has a 12-month low of $66.00 and a 12-month high of $80.67. The firm has a 50 day moving average of $74.34 and a 200 day moving average of $75.50.

SLM Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Thursday, December 5th will be given a $1.7449 dividend. This represents a $6.98 dividend on an annualized basis and a dividend yield of 9.42%. The ex-dividend date is 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.