Hovnanian Enterprises, Inc. PFD DEP1/1000A (NASDAQ:HOVNP) Short Interest Update

Hovnanian Enterprises, Inc. PFD DEP1/1000A (NASDAQ:HOVNP) saw a significant drop in short interest in the month of August. As of August 14th, there was short interest totaling 599 shares, a drop of 58.2% from the July 30th total of 1,432 shares. Based on an average daily volume of 7,585 shares, the short-interest ratio is currently 0.1 days.

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

An institutional investor recently raised its stake in Hovnanian Enterprises, Inc. PFD DEP1/1000A stock. Shikiar Asset Management Inc. raised its position in Hovnanian Enterprises, Inc. PFD DEP1/1000A (NASDAQ:HOVNP) by 3.9% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,550 shares of the company’s stock after purchasing an additional 1,075 shares during the quarter. Shikiar Asset Management Inc.’s holdings in Hovnanian Enterprises, Inc. PFD DEP1/1000A were worth $585,000 at the end of the most recent quarter.

Hovnanian Enterprises, Inc. PFD DEP1/1000A Stock Up 0.6%

Shares of NASDAQ HOVNP traded up $0.11 during trading on Friday, hitting $19.67. 4,342 shares of the company traded hands, compared to its average volume of 5,223. Hovnanian Enterprises, Inc. PFD DEP1/1000A has a 1 year low of $18.52 and a 1 year high of $21.90. The company has a 50-day moving average price of $20.07 and a 200-day moving average price of $20.59.

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

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 1st were given a dividend of $0.4766 per share. This represents a $1.91 dividend on an annualized basis and a yield of 9.7%. The ex-dividend date of this dividend was Wednesday, July 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.