SLM Corporation (SLM): Price Target and June Short Interest Disclosure

SLM Corporation (SLM) has been rated by 3 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $11 and the lowest price target forecast is $9. The average forecast of all the analysts is $10 and the expected standard deviation is $1.

SLM Corporation (SLM), A drop of 1,096,190 shares or 4.9% was seen in the short interest of SLM Corporation. Even as the interest dropped from 22,389,017 shares on June 15,2016 to 21,292,827 shares on June 30,2016, the days to cover came in at 5. The updated interest stood at 5% of the stocks floats. The stock has seen an average daily volume of 4,397,119 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.


SLM Corporation (NASDAQ:SLM): stock turned positive on Thursday. Though the stock opened at $7.11, the bulls momentum made the stock top out at $7.13 level for the day. The stock recorded a low of $6.9989 and closed the trading day at $7.11, in the green by 2.16%. The total traded volume for the day was 2,914,923. The stock had closed at $6.96 in the previous days trading.

SLM Corporation is a holding company. The Company is a saving, planning and paying for education company. It is engaged in originating and servicing private education loans it makes to students and their families. The Company also operates a consumer savings network that provides financial rewards on everyday purchases to help families save for college. The Companys private education loans are made primarily to bridge the gap between the cost of higher education and the amount funded through financial aid, federal loans or customers resources. The Companys loans are non-federal loans and loans not insured or guaranteed under the federal family education loan program. It provides incentives for customers to include a cosigner on the loan and also encourages customers to make payments while in school.

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