Hovnanian Enterprises, Inc. PFD DEP1/1000A (NASDAQ:HOVNP) Short Interest Update

Hovnanian Enterprises, Inc. PFD DEP1/1000A (NASDAQ:HOVNP) saw a large drop in short interest during the month of July. As of July 31st, there was short interest totaling 1,432 shares, a drop of 45.0% from the July 15th total of 2,606 shares. Based on an average daily volume of 5,280 shares, the short-interest ratio is currently 0.3 days.

Hovnanian Enterprises, Inc. PFD DEP1/1000A Stock Down 0.1%

Shares of NASDAQ HOVNP traded down $0.01 during mid-day trading on Tuesday, hitting $19.74. The company had a trading volume of 2,112 shares, compared to its average volume of 5,238. The business’s 50-day simple moving average is $20.23 and its 200-day simple moving average is $20.65. Hovnanian Enterprises, Inc. PFD DEP1/1000A has a 12 month low of $18.52 and a 12 month high of $21.90.

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

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 1st were issued a $0.4766 dividend. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a $1.91 annualized dividend and a yield of 9.7%.

Institutional Trading of Hovnanian Enterprises, Inc. PFD DEP1/1000A

A hedge fund recently raised its position in Hovnanian Enterprises, Inc. PFD DEP1/1000A stock. Shikiar Asset Management Inc. increased its position in shares of Hovnanian Enterprises, Inc. PFD DEP1/1000A (NASDAQ:HOVNP) by 3.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 28,550 shares of the company’s stock after purchasing 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 at the end of the most recent reporting period.

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.