Hovnanian Enterprises, Inc. PFD DEP1/1000A (NASDAQ:HOVNP) Short Interest Down 42.2% in July

Hovnanian Enterprises, Inc. PFD DEP1/1000A (NASDAQ:HOVNP) was the target of a significant decline in short interest during the month of July. As of July 15th, there was short interest totaling 2,606 shares, a decline of 42.2% from the June 30th total of 4,509 shares. Based on an average daily trading volume, of 3,766 shares, the short-interest ratio is currently 0.7 days.

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

NASDAQ HOVNP traded down $0.01 during trading hours on Wednesday, hitting $20.21. 508 shares of the company’s stock were exchanged, compared to its average volume of 4,980. Hovnanian Enterprises, Inc. PFD DEP1/1000A has a 12-month low of $18.52 and a 12-month high of $21.90. The business’s 50 day moving average is $20.49 and its 200-day moving average is $20.71.

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

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 1st were paid a dividend of $0.4766 per share. This represents a $1.91 dividend on an annualized basis and a dividend yield of 9.4%. The ex-dividend date was Wednesday, July 1st.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Hovnanian Enterprises, Inc. PFD DEP1/1000A stock. Shikiar Asset Management Inc. grew its position in Hovnanian Enterprises, Inc. PFD DEP1/1000A (NASDAQ:HOVNP) by 3.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 28,550 shares of the company’s stock after acquiring an additional 1,075 shares during the quarter. Shikiar Asset Management Inc.’s holdings in Hovnanian Enterprises, Inc. PFD DEP1/1000A were worth $585,000 as of its most recent filing with the Securities and Exchange Commission.

About Hovnanian Enterprises, Inc. PFD DEP1/1000A

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.