Short Interest in Hovnanian Enterprises, Inc. PFD DEP1/1000A (NASDAQ:HOVNP) Drops By 42.2%

Hovnanian Enterprises, Inc. PFD DEP1/1000A (NASDAQ:HOVNPGet Free Report) was the target of a significant drop in short interest in July. As of July 15th, there was short interest totaling 2,606 shares, a drop of 42.2% from the June 30th total of 4,509 shares. Based on an average trading volume of 3,766 shares, the short-interest ratio is presently 0.7 days.

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

NASDAQ HOVNP traded down $0.22 on Thursday, reaching $19.99. The stock had a trading volume of 7,708 shares, compared to its average volume of 5,001. Hovnanian Enterprises, Inc. PFD DEP1/1000A has a 1 year low of $18.52 and a 1 year high of $21.90. The business has a 50 day moving average price of $20.48 and a 200 day moving average price of $20.71.

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

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Wednesday, July 1st were paid a $0.4766 dividend. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a $1.91 annualized dividend and a dividend yield of 9.5%.

Hedge Funds 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. raised its holdings in Hovnanian Enterprises, Inc. PFD DEP1/1000A (NASDAQ:HOVNPFree Report) by 4.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 27,475 shares of the company’s stock after acquiring an additional 1,200 shares during the quarter. 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

(Get Free Report)

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.

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