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

Hovnanian Enterprises, Inc. PFD DEP1/1000A (NASDAQ:HOVNP) was the recipient of a significant drop in short interest in May. As of May 29th, there was short interest totaling 1,268 shares, a drop of 72.6% from the May 14th total of 4,624 shares. Based on an average trading volume of 3,713 shares, the days-to-cover ratio is presently 0.3 days.

Hovnanian Enterprises, Inc. PFD DEP1/1000A Stock Down 0.0%

Hovnanian Enterprises, Inc. PFD DEP1/1000A stock traded down $0.00 during trading on Thursday, reaching $20.44. The stock had a trading volume of 1,851 shares, compared to its average volume of 5,315. Hovnanian Enterprises, Inc. PFD DEP1/1000A has a 52-week low of $16.14 and a 52-week high of $21.90. The business has a 50 day moving average price of $20.65 and a 200 day moving average price of $20.65.

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

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Wednesday, July 1st will be issued a $0.4766 dividend. This represents a $1.91 annualized dividend and a yield of 9.3%. The ex-dividend date of this dividend is Wednesday, July 1st.

Institutional Investors 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. lifted its stake in Hovnanian Enterprises, Inc. PFD DEP1/1000A (NASDAQ:HOVNP) by 4.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,475 shares of the company’s stock after buying an additional 1,200 shares during the period. Shikiar Asset Management Inc.’s holdings in Hovnanian Enterprises, Inc. PFD DEP1/1000A were worth $567,000 at the end of the most recent quarter.

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.