Short Interest in Hovnanian Enterprises, Inc. PFD DEP1/1000A (NASDAQ:HOVNP) Drops By 28.0%

Hovnanian Enterprises, Inc. PFD DEP1/1000A (NASDAQ:HOVNP) was the target of a significant decline in short interest in December. As of December 31st, there was short interest totaling 2,745 shares, a decline of 28.0% from the December 15th total of 3,814 shares. Based on an average trading volume of 6,388 shares, the short-interest ratio is presently 0.4 days. Based on an average trading volume of 6,388 shares, the short-interest ratio is presently 0.4 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Hovnanian Enterprises, Inc. PFD DEP1/1000A stock. Shikiar Asset Management Inc. bought a new position in Hovnanian Enterprises, Inc. PFD DEP1/1000A (NASDAQ:HOVNP) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 26,275 shares of the company’s stock, valued at approximately $546,000.

Hovnanian Enterprises, Inc. PFD DEP1/1000A Stock Down 0.7%

NASDAQ HOVNP traded down $0.15 during trading on Friday, hitting $20.26. The company had a trading volume of 107,070 shares, compared to its average volume of 16,825. The company’s fifty day moving average is $20.16 and its 200-day moving average is $19.77. Hovnanian Enterprises, Inc. PFD DEP1/1000A has a one year low of $16.05 and a one year high of $21.35.

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

The business also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Thursday, January 1st were paid a $0.4766 dividend. The ex-dividend date of this dividend was Wednesday, December 31st. This is an increase from Hovnanian Enterprises, Inc. PFD DEP1/1000A’s previous quarterly dividend of $0.48. This represents a $1.91 dividend on an annualized basis and a yield of 9.4%.

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.