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

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

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

Shares of Hovnanian Enterprises, Inc. PFD DEP1/1000A stock remained flat at $19.75 during trading on Monday. 2,237 shares of the stock traded hands, compared to its average volume of 5,260. Hovnanian Enterprises, Inc. PFD DEP1/1000A has a one year low of $18.52 and a one year high of $21.90. The stock has a fifty day moving average of $20.25 and a two-hundred day moving average of $20.66.

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

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

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

An institutional investor recently raised its position in Hovnanian Enterprises, Inc. PFD DEP1/1000A stock. Shikiar Asset Management Inc. raised its position in Hovnanian Enterprises, Inc. PFD DEP1/1000A (NASDAQ:HOVNP) by 3.9% during the first quarter, according to the company in its most recent 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 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 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.