Short Interest in Pershing Square Holdings, Ltd. (OTCMKTS:PSHZF) Grows By 67.6%

Pershing Square Holdings, Ltd. (OTCMKTS:PSHZF) was the target of a significant increase in short interest in February. As of February 15th, there was short interest totalling 46,600 shares, an increase of 67.6% from the January 31st total of 27,800 shares. Based on an average daily volume of 39,800 shares, the short-interest ratio is currently 1.2 days.

Pershing Square Trading Down 1.2 %

Shares of Pershing Square stock traded down $0.67 during midday trading on Tuesday, hitting $53.15. 5,445 shares of the company traded hands, compared to its average volume of 25,166. The firm’s fifty day moving average price is $52.15 and its 200-day moving average price is $48.97. Pershing Square has a 12 month low of $42.26 and a 12 month high of $57.85.

Pershing Square Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, February 14th will be issued a dividend of $0.1646 per share. The ex-dividend date is Friday, February 14th. This is an increase from Pershing Square’s previous quarterly dividend of $0.15. This represents a $0.66 annualized dividend and a dividend yield of 1.24%.

Pershing Square Company Profile

Pershing Square Holdings, Ltd. is a closed-ended balanced fund launched and managed by Pershing Square Capital Management, L.P. It invests in public equity and fixed income markets across the globe. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in value stocks of companies.