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

Hovnanian Enterprises, Inc. PFD DEP1/1000A (NASDAQ:HOVNP) was the recipient of a significant decline in short interest in the month of July. As of July 31st, there was short interest totaling 1,432 shares, a decline of 45.0% from the July 15th total of 2,606 shares. Based on an average trading volume of 5,280 shares, the short-interest ratio is currently 0.3 days.

Institutional Trading of 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 stake in Hovnanian Enterprises, Inc. PFD DEP1/1000A (NASDAQ:HOVNP) by 3.9% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. 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 reporting period.

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

Shares of Hovnanian Enterprises, Inc. PFD DEP1/1000A stock remained flat at $19.75 during trading hours on Monday. The company’s stock had a trading volume of 2,237 shares, compared to its average volume of 5,260. The stock has a 50 day simple moving average of $20.25 and a 200 day simple moving average of $20.66. 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Wednesday, July 1st were given a $0.4766 dividend. The ex-dividend date was Wednesday, July 1st. This represents a $1.91 annualized dividend and a dividend yield of 9.7%.

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.