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

Hovnanian Enterprises, Inc. PFD DEP1/1000A (NASDAQ:HOVNP) was the target of a large increase in short interest in April. As of April 30th, there was short interest totaling 8,815 shares, an increase of 258.0% from the April 15th total of 2,462 shares. Based on an average daily volume of 4,481 shares, the short-interest ratio is presently 2.0 days.

Institutional Investors Weigh In On 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. increased its holdings in shares of Hovnanian Enterprises, Inc. PFD DEP1/1000A (NASDAQ:HOVNP) by 4.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,475 shares of the company’s stock after buying an additional 1,200 shares during the period. 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 (SEC).

Hovnanian Enterprises, Inc. PFD DEP1/1000A Trading Up 0.1%

Hovnanian Enterprises, Inc. PFD DEP1/1000A stock traded up $0.02 during mid-day trading on Thursday, hitting $20.92. The company had a trading volume of 6,744 shares, compared to its average volume of 5,711. Hovnanian Enterprises, Inc. PFD DEP1/1000A has a 12-month low of $16.10 and a 12-month high of $21.90. The company’s fifty day moving average is $20.78 and its 200-day moving average is $20.57.

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

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Wednesday, April 1st were given a $0.4766 dividend. This represents a $1.91 annualized dividend and a yield of 9.1%. The ex-dividend date was Wednesday, April 1st.

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.