Short Interest in Hovnanian Enterprises, Inc. PFD DEP1/1000A (NASDAQ:HOVNP) Drops By 72.6%

Hovnanian Enterprises, Inc. PFD DEP1/1000A (NASDAQ:HOVNP) was the recipient of a significant decline in short interest during the month of May. As of May 29th, there was short interest totaling 1,268 shares, a decline of 72.6% from the May 14th total of 4,624 shares. Based on an average daily volume of 3,713 shares, the days-to-cover ratio is currently 0.3 days.

Hedge Funds 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. boosted its holdings in Hovnanian Enterprises, Inc. PFD DEP1/1000A (NASDAQ:HOVNP) by 4.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 27,475 shares of the company’s stock after purchasing an additional 1,200 shares during the quarter. Shikiar Asset Management Inc.’s holdings in Hovnanian Enterprises, Inc. PFD DEP1/1000A were worth $567,000 as of its most recent filing with the Securities and Exchange Commission.

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

Shares of NASDAQ HOVNP traded down $0.11 during trading on Friday, reaching $20.43. The company had a trading volume of 175 shares, compared to its average volume of 5,266. Hovnanian Enterprises, Inc. PFD DEP1/1000A has a twelve month low of $16.14 and a twelve month high of $21.90. The stock has a 50-day moving average price of $20.66 and a two-hundred day moving average price of $20.65.

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

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 1st will be issued a $0.4766 dividend. This represents a $1.91 dividend on an annualized basis and a dividend yield of 9.3%. The ex-dividend date of this dividend is 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.