Navient Corporation (NAVI) has been rated by 2 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $19 and the lowest price target forecast is $13. The average forecast of all the analysts is $16 and the expected standard deviation is $4.24.
Navient Corporation (NAVI) has seen a shortfall of 519,569 shares or 2.8% in the short interest. The remaining shorts are 5.6% of the total floated shares. The net short interest, as on June 30,2016, stood at 18,190,452 shares and the stocks days to cover will be 5 by factoring in the average per day volume of 3,310,051 shares. On June 15,2016, 18,710,021 shares were shorted. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.
Navient Corporation (NASDAQ:NAVI): stock turned positive on Thursday. Though the stock opened at $13.86, the bulls momentum made the stock top out at $13.96 level for the day. The stock recorded a low of $13.625 and closed the trading day at $13.74, in the green by 0.88%. The total traded volume for the day was 1,973,743. The stock had closed at $13.62 in the previous days trading.
Navient Corporation is a loan management, servicing and asset recovery company. The Company holds the portfolio of education loans insured or guaranteed under the Federal Family Education Loan Program (FFELP), as well as the portfolio of Private Education Loans. FFELP Loans are insured or guaranteed by state based on guaranty agreements among the United States Department of Education (ED) and these agencies. Private Education Loans are education loans to students or their families that bear the full credit risk of the customer and any cosigner. The Company operates in three segments: FFELP Loans, Private Education Loans and Business Services. The Company services its own portfolio of education loans, as well as those owned by banks, credit unions, non-profit education lenders and ED. It also provides asset recovery services on its own portfolio, guaranty agencies, higher education institutions, ED and other federal clients, as well as states, courts and municipalities.