Short Interest in Hovnanian Enterprises, Inc. PFD DEP1/1000A (NASDAQ:HOVNP) Grows By 44.2%

Hovnanian Enterprises, Inc. PFD DEP1/1000A (NASDAQ:HOVNP) was the recipient of a large growth in short interest in January. As of January 15th, there was short interest totaling 3,959 shares, a growth of 44.2% from the December 31st total of 2,745 shares. Based on an average trading volume of 7,747 shares, the days-to-cover ratio is presently 0.5 days. Based on an average trading volume of 7,747 shares, the days-to-cover ratio is presently 0.5 days.

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

An institutional investor recently bought a new position in Hovnanian Enterprises, Inc. PFD DEP1/1000A stock. Shikiar Asset Management Inc. bought a new stake in Hovnanian Enterprises, Inc. PFD DEP1/1000A (NASDAQ:HOVNP) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 26,275 shares of the company’s stock, valued at approximately $546,000.

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

NASDAQ HOVNP opened at $20.58 on Tuesday. The company has a fifty day moving average of $20.24 and a two-hundred day moving average of $20.10. Hovnanian Enterprises, Inc. PFD DEP1/1000A has a 1 year low of $16.05 and a 1 year high of $21.35.

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

The company also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Thursday, January 1st were paid a dividend of $0.4766 per share. The ex-dividend date was Wednesday, December 31st. This represents a $1.91 dividend on an annualized basis and a yield of 9.3%. This is a boost from Hovnanian Enterprises, Inc. PFD DEP1/1000A’s previous quarterly dividend of $0.48.

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.