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

Hovnanian Enterprises, Inc. PFD DEP1/1000A (NASDAQ:HOVNP) was the recipient of a large decline in short interest during 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 daily volume of 5,854 shares, the short-interest ratio is presently 0.2 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. grew its stake in shares of Hovnanian Enterprises, Inc. PFD DEP1/1000A (NASDAQ:HOVNP) by 3.9% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund 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 as of its most recent SEC filing.

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

Shares of NASDAQ:HOVNP traded down $0.76 during mid-day trading on Monday, hitting $17.84. 10,889 shares of the company traded hands, compared to its average volume of 5,271. Hovnanian Enterprises, Inc. PFD DEP1/1000A has a 52-week low of $18.00 and a 52-week high of $21.90. 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 Announces Dividend

The company also recently declared 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. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $1.91 annualized dividend and a dividend yield of 10.7%.

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

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.