Hovnanian Enterprises, Inc. PFD DEP1/1000A (NASDAQ:HOVNP) Shares Shorted: Short Interest Down 75.0% in September

by · The Cerbat Gem

Hovnanian Enterprises, Inc. PFD DEP1/1000A (NASDAQ:HOVNP – Get Free Report) was the recipient of a significant 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.

Institutional Investors 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 holdings in shares of Hovnanian Enterprises, Inc. PFD DEP1/1000A (NASDAQ:HOVNP – Free Report) by 3.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,550 shares of the company’s stock after buying 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 as of its most recent SEC filing.

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

Shares of HOVNP stock traded down $0.09 during mid-day trading on Friday, reaching $18.60. The stock had a trading volume of 4,622 shares, compared to its average volume of 5,255. The firm’s 50 day simple moving average is $19.68 and its 200 day simple moving average is $20.29. Hovnanian Enterprises, Inc. PFD DEP1/1000A has a one year low of $18.47 and a one year high of $21.90.

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

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Thursday, October 1st will be paid a $0.4766 dividend. 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.

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

(Get Free Report)

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.

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