Short Interest in Hovnanian Enterprises, Inc. PFD DEP1/1000A (NASDAQ:HOVNP) Rises By 127.3%

Hovnanian Enterprises, Inc. PFD DEP1/1000A (NASDAQ:HOVNP) was the recipient of a significant growth in short interest in December. As of December 15th, there was short interest totaling 3,814 shares, a growth of 127.3% from the November 30th total of 1,678 shares. Based on an average daily volume of 11,336 shares, the short-interest ratio is currently 0.3 days. Based on an average daily volume of 11,336 shares, the short-interest ratio is currently 0.3 days.

Institutional Investors Weigh In On Hovnanian Enterprises, Inc. PFD DEP1/1000A

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

Hovnanian Enterprises, Inc. PFD DEP1/1000A Trading Down 0.2%

NASDAQ:HOVNP opened at $20.26 on Monday. The firm has a 50 day moving average of $20.14 and a 200-day moving average of $19.36. 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 business also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Thursday, January 1st will be paid a $0.4766 dividend. This represents a $1.91 dividend on an annualized basis and a dividend yield of 9.4%. The ex-dividend date is Wednesday, December 31st. This is an increase from Hovnanian Enterprises, Inc. PFD DEP1/1000A’s previous quarterly dividend of $0.48.

About Hovnanian Enterprises, Inc. PFD DEP1/1000A

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.