Hovnanian Enterprises, Inc. PFD DEP1/1000A (NASDAQ:HOVNP) Sees Large Increase in Short Interest

Hovnanian Enterprises, Inc. PFD DEP1/1000A (NASDAQ:HOVNP) was the target of a significant increase in short interest during the month of January. As of January 15th, there was short interest totaling 3,959 shares, an increase of 44.2% from the December 31st total of 2,745 shares. Based on an average daily trading volume, of 7,747 shares, the short-interest ratio is currently 0.5 days. Based on an average daily trading volume, of 7,747 shares, the short-interest ratio is currently 0.5 days.

Hovnanian Enterprises, Inc. PFD DEP1/1000A Stock Performance

Shares of HOVNP traded down $0.02 on Monday, hitting $20.58. 3,174 shares of the stock traded hands, compared to its average volume of 11,909. Hovnanian Enterprises, Inc. PFD DEP1/1000A has a 1 year low of $16.05 and a 1 year high of $21.35. The stock’s 50 day moving average is $20.24 and its two-hundred day moving average is $20.10.

Hovnanian Enterprises, Inc. PFD DEP1/1000A Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Thursday, January 1st were paid a $0.4766 dividend. The ex-dividend date was Wednesday, December 31st. This is an increase from Hovnanian Enterprises, Inc. PFD DEP1/1000A’s previous quarterly dividend of $0.48. This represents a $1.91 annualized dividend and a yield of 9.3%.

Institutional Trading of Hovnanian Enterprises, Inc. PFD DEP1/1000A

An institutional investor recently raised its position in Hovnanian Enterprises, Inc. PFD DEP1/1000A stock. Shikiar Asset Management Inc. lifted its holdings in shares of Hovnanian Enterprises, Inc. PFD DEP1/1000A (NASDAQ:HOVNP) by 4.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,475 shares of the company’s stock after acquiring an additional 1,200 shares during the quarter. Shikiar Asset Management Inc.’s holdings in Hovnanian Enterprises, Inc. PFD DEP1/1000A were worth $567,000 as of its most recent filing with the Securities and Exchange Commission.

Hovnanian Enterprises, Inc. PFD DEP1/1000A Company Profile

Hovnanian Enterprises, Inc is a publicly traded homebuilding company active primarily in the United States. Through its network of land development and construction operations, the company designs, builds and sells single-family detached and attached homes, condominiums and active-adult communities. In addition to its core homebuilding business, Hovnanian provides financing, mortgage banking, title insurance and closing services to homebuyers through its wholly owned financial services subsidiaries.

Founded in 1959 by Kevork S.