Short Interest in Hovnanian Enterprises, Inc. PFD DEP1/1000A (NASDAQ:HOVNP) Declines By 28.0%

Hovnanian Enterprises, Inc. PFD DEP1/1000A (NASDAQ:HOVNP) was the recipient of a significant decline in short interest in December. As of December 31st, there was short interest totaling 2,745 shares, a decline of 28.0% from the December 15th total of 3,814 shares. Based on an average trading volume of 6,388 shares, the days-to-cover ratio is currently 0.4 days. Based on an average trading volume of 6,388 shares, the days-to-cover ratio is currently 0.4 days.

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

A hedge fund recently bought a new stake in Hovnanian Enterprises, Inc. PFD DEP1/1000A stock. Shikiar Asset Management Inc. purchased a new stake in shares of Hovnanian Enterprises, Inc. PFD DEP1/1000A (NASDAQ:HOVNP) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 26,275 shares of the company’s stock, valued at approximately $546,000.

Hovnanian Enterprises, Inc. PFD DEP1/1000A Trading Down 0.7%

Shares of HOVNP traded down $0.15 during mid-day trading on Monday, reaching $20.26. The company had a trading volume of 107,070 shares, compared to its average volume of 16,825. The company’s 50 day simple moving average is $20.16 and its 200 day simple moving average is $19.80. Hovnanian Enterprises, Inc. PFD DEP1/1000A has a 1-year low of $16.05 and a 1-year high of $21.35.

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

The company also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Thursday, January 1st were paid a dividend of $0.4766 per share. The ex-dividend date of this dividend was Wednesday, December 31st. This is a positive change from Hovnanian Enterprises, Inc. PFD DEP1/1000A’s previous quarterly dividend of $0.48. This represents a $1.91 dividend on an annualized basis and a dividend yield of 9.4%.

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.