Short Interest in Hovnanian Enterprises, Inc. PFD DEP1/1000A (NASDAQ:HOVNP) Declines By 72.6%

Hovnanian Enterprises, Inc. PFD DEP1/1000A (NASDAQ:HOVNP) was the target of a significant decrease in short interest during the month of May. As of May 29th, there was short interest totaling 1,268 shares, a decrease of 72.6% from the May 14th total of 4,624 shares. Based on an average daily volume of 3,713 shares, the days-to-cover ratio is currently 0.3 days.

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. increased its position in shares of Hovnanian Enterprises, Inc. PFD DEP1/1000A (NASDAQ:HOVNP) by 4.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund 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 SEC.

Hovnanian Enterprises, Inc. PFD DEP1/1000A Stock Down 0.5%

Shares of HOVNP stock traded down $0.11 during trading hours on Friday, hitting $20.43. The company’s stock had a trading volume of 175 shares, compared to its average volume of 5,266. The business has a fifty day moving average of $20.66 and a 200-day moving average of $20.65. Hovnanian Enterprises, Inc. PFD DEP1/1000A has a twelve month low of $16.14 and a twelve month high of $21.90.

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

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

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.