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

Hovnanian Enterprises, Inc. PFD DEP1/1000A (NASDAQ:HOVNP) was the target of a significant growth in short interest in August. As of August 31st, there was short interest totaling 4,456 shares, a growth of 643.9% from the August 15th total of 599 shares. Based on an average trading volume of 4,287 shares, the short-interest ratio is currently 1.0 days.

Institutional Trading of 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. boosted its position in shares of Hovnanian Enterprises, Inc. PFD DEP1/1000A (NASDAQ:HOVNP) by 3.9% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 28,550 shares of the company’s stock after buying 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 Trading Down 0.1%

NASDAQ HOVNP opened at $19.30 on Friday. Hovnanian Enterprises, Inc. PFD DEP1/1000A has a 12 month low of $18.52 and a 12 month high of $21.90. The company’s 50 day simple moving average is $19.94 and its 200 day simple moving average is $20.46.

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

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Thursday, October 1st will be given a dividend of $0.4766 per share. The ex-dividend date is Thursday, October 1st. This represents a $1.91 annualized dividend and a dividend yield of 9.9%.

Hovnanian Enterprises, Inc. PFD DEP1/1000A Company Profile

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.