Short Interest in Hovnanian Enterprises, Inc. PFD DEP1/1000A (NASDAQ:HOVNP) Rises By 267.5%

Hovnanian Enterprises, Inc. PFD DEP1/1000A (NASDAQ:HOVNP) was the target of a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 4,509 shares, a growth of 267.5% from the June 15th total of 1,227 shares. Based on an average trading volume of 4,787 shares, the short-interest ratio is presently 0.9 days.

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

A hedge fund recently raised its stake in Hovnanian Enterprises, Inc. PFD DEP1/1000A stock. Shikiar Asset Management Inc. raised its holdings in shares of Hovnanian Enterprises, Inc. PFD DEP1/1000A (NASDAQ:HOVNP) by 3.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,550 shares of the company’s stock after buying an additional 1,075 shares during the period. Shikiar Asset Management Inc.’s holdings in Hovnanian Enterprises, Inc. PFD DEP1/1000A were worth $585,000 at the end of the most recent reporting period.

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

Shares of Hovnanian Enterprises, Inc. PFD DEP1/1000A stock traded up $0.05 during trading on Monday, hitting $20.60. The stock had a trading volume of 5,396 shares, compared to its average volume of 5,125. The firm’s fifty day simple moving average is $20.59 and its 200-day simple moving average is $20.70. Hovnanian Enterprises, Inc. PFD DEP1/1000A has a 12 month low of $16.60 and a 12 month high of $21.90.

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

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Wednesday, July 1st will be given a $0.4766 dividend. This represents a $1.91 dividend on an annualized basis and a yield of 9.3%. The ex-dividend date of this dividend is Wednesday, July 1st.

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.