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

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

Hedge Funds Weigh In On Hovnanian Enterprises, Inc. PFD DEP1/1000A

A hedge fund recently raised its position in Hovnanian Enterprises, Inc. PFD DEP1/1000A stock. Shikiar Asset Management Inc. boosted 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 filing with the Securities & Exchange Commission. The fund owned 28,550 shares of the company’s stock after acquiring 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 at the end of the most recent reporting period.

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

Shares of Hovnanian Enterprises, Inc. PFD DEP1/1000A stock traded up $0.11 during trading on Friday, hitting $19.67. The stock had a trading volume of 4,342 shares, compared to its average volume of 5,223. The business’s 50-day moving average is $20.07 and its 200 day moving average is $20.59. Hovnanian Enterprises, Inc. PFD DEP1/1000A has a 12 month low of $18.52 and a 12 month high of $21.90.

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

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Wednesday, July 1st were issued a dividend of $0.4766 per share. This represents a $1.91 dividend on an annualized basis and a dividend 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.