(NASDAQ:ISM) shares saw light trading volume with 1,075 shares changing hands on Tuesday. Shares saw a steep decrease in trading volume of 75.24% under the normal average daily volume.
Traders are more bearish on the company recently as indicated by the motion in short interest. The stock had a rise in short interest between September 29, 2017 and October 13, 2017 of 29.88%. Short interest increased 1,447 over that period. The short-interest ratio decreased to 1.0 and the percentage of shorted shares was 0.00% on October 13.
The company is so far trading up by 0.09% since yesterday’s close of $25.11. The stock is trading at $25.11 which is just a bit higher than the 50 day moving average which is $25.10 and barely above the 200 day moving average of $25.11. The 50 day moving average moved up $0.01 and the 200 day average moved up $0.00.
Navient Corporation, launched on November 7, 2013, provides asset management and business processing services to education, healthcare and government clients at the federal, state and local levels. The Company holds the portfolio of education loans insured or federally guaranteed under the Federal Family Education Loan Program (FFELP). The Company operates through four segments: FFELP Loans, Private Education Loans, Business Services and Other. It also holds the portfolio of Private Education Loans. The Company services its own portfolio of education loans, as well as education loans owned by the United States Department of Education (ED), financial institutions and nonprofit education lenders. The Company also provides business processing services to education-related clients, such as guaranty agencies and colleges and universities. It provides additional business processing services to a range of other clients, including federal agencies, state and local governments, regional authorities, courts, hospitals, healthcare systems and other healthcare providers, financial service providers and municipalities. As of December 31, 2016, the Business’s principal assets consisted of $87.7 billion in FFELP Loans, with a net interest margin of 0.85% for the year ended December 31, 2016 and a weighted average life of 7.1 years; $23.3 billion in Private Education Loans, with a net interest margin of 3.41% for the year ended December 31, 2016 and a weighted average life of 6.4 years; an education loan servicing platform that services loans for Direct Student Loan Program (DSLP) Loan, FFELP Loan and Private Education Loan customers (including cosigners), and a business processing platform, through which it provides services for clients in the education, healthcare and public sectors..