Hovnanian Enterprises, Inc. PFD DEP1/1000A (NASDAQ:HOVNP) Short Interest Down 47.5% in May

Hovnanian Enterprises, Inc. PFD DEP1/1000A (NASDAQ:HOVNP) was the target of a large decline in short interest in the month of May. As of May 15th, there was short interest totaling 4,624 shares, a decline of 47.5% from the April 30th total of 8,815 shares. Based on an average daily volume of 2,868 shares, the short-interest ratio is currently 1.6 days.

Hovnanian Enterprises, Inc. PFD DEP1/1000A Trading Down 0.6%

NASDAQ:HOVNP traded down $0.13 during trading hours on Monday, reaching $20.78. The company had a trading volume of 5,168 shares, compared to its average volume of 5,517. Hovnanian Enterprises, Inc. PFD DEP1/1000A has a 52 week low of $16.10 and a 52 week high of $21.90. The firm’s 50 day moving average price is $20.66 and its 200-day moving average price is $20.62.

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

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Wednesday, April 1st were paid a dividend of $0.4766 per share. This represents a $1.91 annualized dividend and a dividend yield of 9.2%. The ex-dividend date was Wednesday, April 1st.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Hovnanian Enterprises, Inc. PFD DEP1/1000A stock. Shikiar Asset Management Inc. increased its holdings in shares of Hovnanian Enterprises, Inc. PFD DEP1/1000A (NASDAQ:HOVNP) by 3.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,550 shares of the company’s stock after purchasing an additional 1,075 shares during the quarter. Shikiar Asset Management Inc.’s holdings in Hovnanian Enterprises, Inc. PFD DEP1/1000A were worth $585,000 at the end of the most recent reporting period.

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.