Hovnanian Enterprises, Inc. PFD DEP1/1000A (NASDAQ:HOVNP) Short Interest Up 267.5% in June

Hovnanian Enterprises, Inc. PFD DEP1/1000A (NASDAQ:HOVNP) was the target of a large growth in short interest in June. As of June 30th, there was short interest totaling 4,509 shares, a growth of 267.5% from the June 15th total of 1,227 shares. Based on an average daily volume of 4,787 shares, the days-to-cover ratio is currently 0.9 days.

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

Hovnanian Enterprises, Inc. PFD DEP1/1000A stock traded up $0.05 during mid-day trading on Monday, hitting $20.60. The company’s stock had a trading volume of 5,396 shares, compared to its average volume of 5,125. Hovnanian Enterprises, Inc. PFD DEP1/1000A has a twelve month low of $16.60 and a twelve month high of $21.90. The stock’s fifty day moving average price is $20.59 and its two-hundred day moving average price is $20.70.

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

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

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Hovnanian Enterprises, Inc. PFD DEP1/1000A stock. Shikiar Asset Management Inc. lifted its position in Hovnanian Enterprises, Inc. PFD DEP1/1000A (NASDAQ:HOVNP) by 4.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 27,475 shares of the company’s stock after acquiring 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 as of its most recent SEC filing.

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.