Hovnanian Enterprises, Inc. PFD DEP1/1000A (NASDAQ:HOVNP) Shares Shorted: Short Interest Down 75.0% in September

Hovnanian Enterprises, Inc. PFD DEP1/1000A (NASDAQ:HOVNP) saw a significant decline in short interest during the month of September. As of September 15th, there was short interest totaling 1,115 shares, a decline of 75.0% from the August 31st total of 4,456 shares. Based on an average daily trading volume, of 5,854 shares, the days-to-cover ratio is presently 0.2 days.

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 stake in shares of Hovnanian Enterprises, Inc. PFD DEP1/1000A (NASDAQ:HOVNP) by 3.9% in the first quarter, according to its most recent disclosure with the SEC. The fund 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 as of its most recent filing with the SEC.

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

Shares of Hovnanian Enterprises, Inc. PFD DEP1/1000A stock traded down $0.09 during midday trading on Friday, hitting $18.60. The company had a trading volume of 4,622 shares, compared to its average volume of 5,255. The business’s 50 day simple moving average is $19.68 and its two-hundred day simple moving average is $20.29. Hovnanian Enterprises, Inc. PFD DEP1/1000A has a 1-year low of $18.47 and a 1-year high of $21.90.

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

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Thursday, October 1st will be issued a $0.4766 dividend. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $1.91 dividend on an annualized basis and a yield of 10.2%.

About Hovnanian Enterprises, Inc. PFD DEP1/1000A

Hovnanian Enterprises, Inc is a residential homebuilder that develops, constructs and sells single-family homes, townhomes and condominiums. The company also offers age-restricted and active-adult communities, with homes designed for a range of buyer preferences and price points. Its operations generally include land acquisition and development, home design, construction, marketing and sales.

Founded in 1959 by Kevork S. Hovnanian, the company serves homebuyers through communities in multiple U.S.