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

Hovnanian Enterprises, Inc. PFD DEP1/1000A (NASDAQ:HOVNP) was the target of a large decline in short interest in 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 trading volume of 5,854 shares, the short-interest ratio is presently 0.2 days.

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

NASDAQ HOVNP traded down $0.09 during trading on Friday, hitting $18.60. 4,622 shares of the company’s stock traded hands, compared to its average volume of 5,255. Hovnanian Enterprises, Inc. PFD DEP1/1000A has a 12-month low of $18.47 and a 12-month high of $21.90. The business has a 50 day moving average of $19.68 and a 200-day moving average of $20.29.

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

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

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Hovnanian Enterprises, Inc. PFD DEP1/1000A stock. Shikiar Asset Management Inc. raised its holdings in shares of Hovnanian Enterprises, Inc. PFD DEP1/1000A (NASDAQ:HOVNP) by 3.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 28,550 shares of the company’s stock after acquiring 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

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.