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

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

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

Hovnanian Enterprises, Inc. PFD DEP1/1000A stock traded down $0.15 during trading hours on Friday, reaching $20.26. The stock had a trading volume of 107,070 shares, compared to its average volume of 16,825. The company has a fifty day simple moving average of $20.16 and a 200-day simple moving average of $19.77. Hovnanian Enterprises, Inc. PFD DEP1/1000A has a 52 week low of $16.05 and a 52 week high of $21.35.

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

The firm also recently announced 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 a boost from Hovnanian Enterprises, Inc. PFD DEP1/1000A’s previous quarterly dividend of $0.48. This represents a $1.91 annualized dividend and a dividend yield of 9.4%.

Institutional Inflows and Outflows

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

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.