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

Hovnanian Enterprises, Inc. PFD DEP1/1000A (NASDAQ:HOVNP) was the recipient of a significant decline in short interest during the month of July. As of July 15th, there was short interest totaling 2,606 shares, a decline of 42.2% from the June 30th total of 4,509 shares. Based on an average daily volume of 3,766 shares, the days-to-cover ratio is presently 0.7 days.

Institutional Investors Weigh In On Hovnanian Enterprises, Inc. PFD DEP1/1000A

A hedge fund recently raised its stake in Hovnanian Enterprises, Inc. PFD DEP1/1000A stock. Shikiar Asset Management Inc. grew its holdings in shares of Hovnanian Enterprises, Inc. PFD DEP1/1000A (NASDAQ:HOVNP) by 4.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 27,475 shares of the company’s stock after purchasing 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 at the end of the most recent reporting period.

Hovnanian Enterprises, Inc. PFD DEP1/1000A Trading Down 0.0%

Shares of NASDAQ HOVNP traded down $0.01 during mid-day trading on Wednesday, reaching $20.21. The company had a trading volume of 508 shares, compared to its average volume of 4,980. Hovnanian Enterprises, Inc. PFD DEP1/1000A has a 52-week low of $18.52 and a 52-week high of $21.90. The firm has a 50 day simple moving average of $20.49 and a two-hundred day simple moving average of $20.71.

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

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 1st were issued a $0.4766 dividend. This represents a $1.91 dividend on an annualized basis and a dividend yield of 9.4%. The ex-dividend date of this dividend was Wednesday, July 1st.

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.