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

Hovnanian Enterprises, Inc. PFD DEP1/1000A (NASDAQ:HOVNP) was the recipient of a large increase in short interest during the month of January. As of January 30th, there was short interest totaling 6,238 shares, an increase of 57.6% from the January 15th total of 3,959 shares. Based on an average trading volume of 14,781 shares, the days-to-cover ratio is currently 0.4 days. Based on an average trading volume of 14,781 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Investors Weigh In On Hovnanian Enterprises, Inc. PFD DEP1/1000A

An institutional investor recently bought a new position in Hovnanian Enterprises, Inc. PFD DEP1/1000A stock. Shikiar Asset Management Inc. bought a new position in Hovnanian Enterprises, Inc. PFD DEP1/1000A (NASDAQ:HOVNP) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 26,275 shares of the company’s stock, valued at approximately $546,000.

Hovnanian Enterprises, Inc. PFD DEP1/1000A Stock Down 0.2%

Shares of HOVNP stock traded down $0.05 during trading on Friday, hitting $21.44. The company had a trading volume of 936 shares, compared to its average volume of 9,512. The stock’s 50-day moving average is $20.41 and its two-hundred day moving average is $20.24. Hovnanian Enterprises, Inc. PFD DEP1/1000A has a 52 week low of $16.05 and a 52 week high of $21.50.

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

The business also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Thursday, January 1st were issued a $0.4766 dividend. This represents a $1.91 dividend on an annualized basis and a dividend yield of 8.9%. The ex-dividend date of this dividend was Wednesday, December 31st. This is a positive change from Hovnanian Enterprises, Inc. PFD DEP1/1000A’s previous quarterly dividend of $0.48.

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.