Short Interest in Hovnanian Enterprises, Inc. PFD DEP1/1000A (NASDAQ:HOVNP) Expands By 267.5%

Hovnanian Enterprises, Inc. PFD DEP1/1000A (NASDAQ:HOVNP) was the recipient of a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 4,509 shares, a growth of 267.5% from the June 15th total of 1,227 shares. Based on an average trading volume of 4,787 shares, the short-interest ratio is currently 0.9 days.

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

HOVNP stock traded down $0.14 during midday trading on Tuesday, reaching $20.46. The company had a trading volume of 3,088 shares, compared to its average volume of 5,108. The stock has a 50 day moving average price of $20.59 and a 200 day moving average price of $20.70. Hovnanian Enterprises, Inc. PFD DEP1/1000A has a fifty-two week low of $16.87 and a fifty-two week high of $21.90.

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

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

Institutional Inflows and Outflows

A hedge fund recently raised its position in Hovnanian Enterprises, Inc. PFD DEP1/1000A stock. Shikiar Asset Management Inc. boosted its stake in Hovnanian Enterprises, Inc. PFD DEP1/1000A (NASDAQ:HOVNP) by 3.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,550 shares of the company’s stock after buying 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 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.