Hovnanian Enterprises, Inc. PFD DEP1/1000A (NASDAQ:HOVNP) Short Interest Down 28.0% in December

Hovnanian Enterprises, Inc. PFD DEP1/1000A (NASDAQ:HOVNP) was the target of a large drop in short interest during the month of December. As of December 31st, there was short interest totaling 2,745 shares, a drop of 28.0% from the December 15th total of 3,814 shares. Based on an average daily trading volume, of 6,388 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily trading volume, of 6,388 shares, the days-to-cover ratio is presently 0.4 days.

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

Shares of NASDAQ HOVNP traded down $0.15 during midday trading on Monday, reaching $20.26. The company’s stock had a trading volume of 107,070 shares, compared to its average volume of 16,825. The stock has a 50 day simple moving average of $20.16 and a 200-day simple moving average of $19.80. Hovnanian Enterprises, Inc. PFD DEP1/1000A has a fifty-two week low of $16.05 and a fifty-two week high of $21.35.

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

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Thursday, January 1st were given a dividend of $0.4766 per share. This is a boost from Hovnanian Enterprises, Inc. PFD DEP1/1000A’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $1.91 annualized dividend and a yield of 9.4%.

Institutional Trading of 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 shares of Hovnanian Enterprises, Inc. PFD DEP1/1000A (NASDAQ:HOVNP) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 26,275 shares of the company’s stock, valued at approximately $546,000.

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.