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

Hovnanian Enterprises, Inc. PFD DEP1/1000A (NASDAQ:HOVNP) was the target of a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 4,456 shares, a growth of 643.9% from the August 15th total of 599 shares. Based on an average daily volume of 4,287 shares, the short-interest ratio is currently 1.0 days.

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. grew its stake in Hovnanian Enterprises, Inc. PFD DEP1/1000A (NASDAQ:HOVNP) by 3.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 at the end of the most recent reporting period.

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

HOVNP traded down $0.01 during trading on Friday, reaching $19.30. The company had a trading volume of 8,707 shares, compared to its average volume of 5,331. The business has a 50 day simple moving average of $19.94 and a 200-day simple moving average of $20.46. Hovnanian Enterprises, Inc. PFD DEP1/1000A has a 52 week low of $18.52 and a 52 week high of $21.90.

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

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Thursday, October 1st will be given a dividend of $0.4766 per share. This represents a $1.91 annualized dividend and a dividend yield of 9.9%. The ex-dividend date is Thursday, October 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.