Hovnanian Enterprises, Inc. PFD DEP1/1000A (NASDAQ:HOVNP) Shares Shorted: Short Interest Down 42.6% in September

Hovnanian Enterprises, Inc. PFD DEP1/1000A (NASDAQ:HOVNP) was the target of a large decline in short interest in the month of September. As of September 30th, there was short interest totaling 640 shares, a decline of 42.6% from the September 15th total of 1,115 shares. Based on an average trading volume of 5,418 shares, the days-to-cover ratio is presently 0.1 days.

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

Shares of Hovnanian Enterprises, Inc. PFD DEP1/1000A stock traded down $0.91 during trading hours on Friday, reaching $15.95. The company had a trading volume of 12,781 shares, compared to its average volume of 5,624. Hovnanian Enterprises, Inc. PFD DEP1/1000A has a one year low of $16.03 and a one year high of $21.90. The business has a fifty day simple moving average of $18.91 and a 200 day simple moving average of $19.93.

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

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Thursday, October 1st were given a $0.4766 dividend. This represents a $1.91 dividend on an annualized basis and a dividend yield of 12.0%. The ex-dividend date was Thursday, October 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. grew its position in shares of Hovnanian Enterprises, Inc. PFD DEP1/1000A (NASDAQ:HOVNP) by 3.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 28,550 shares of the company’s stock after acquiring an additional 1,075 shares during the period. Shikiar Asset Management Inc.’s holdings in Hovnanian Enterprises, Inc. PFD DEP1/1000A were worth $585,000 as of its most recent SEC filing.

Hovnanian Enterprises, Inc. PFD DEP1/1000A Company Profile

Hovnanian Enterprises, Inc is a residential homebuilder that designs, constructs and sells single-family homes, townhomes and condominiums. Its communities are marketed primarily under the K. Hovnanian’s brand and may include both traditional neighborhoods and age-restricted active-adult communities. The company also provides mortgage, title and insurance-related services to support home purchases in certain markets.

Founded in 1959 by Kevork S. Hovnanian, the company serves homebuyers across several regions of the United States, including the Northeast, Mid-Atlantic, Southeast, Southwest and parts of the Midwest.