Hovnanian Enterprises, Inc. PFD DEP1/1000A (NASDAQ:HOVNP) Shares Shorted: Short Interest Down 42.6% in September

Hovnanian Enterprises, Inc. PFD DEP1/1000A (NASDAQ:HOVNP) was the target of a large decline in short interest in September. As of September 30th, there was short interest totaling 640 shares, a decline of 42.6% from the September 15th total of 1,115 shares. Based on an average daily volume of 5,418 shares, the short-interest ratio is currently 0.1 days.

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

Shares of Hovnanian Enterprises, Inc. PFD DEP1/1000A stock traded up $0.75 during trading on Thursday, hitting $16.80. 6,046 shares of the stock traded hands, compared to its average volume of 5,585. The stock’s fifty day simple moving average is $19.04 and its 200 day simple moving average is $19.99. Hovnanian Enterprises, Inc. PFD DEP1/1000A has a 52-week low of $16.03 and a 52-week high of $21.90.

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

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Thursday, October 1st will be given a $0.4766 dividend. This represents a $1.91 annualized dividend and a dividend yield of 11.3%. The ex-dividend date of this dividend is Thursday, October 1st.

Institutional Inflows and Outflows

A hedge fund recently raised its position in Hovnanian Enterprises, Inc. PFD DEP1/1000A stock. Shikiar Asset Management Inc. raised its position in Hovnanian Enterprises, Inc. PFD DEP1/1000A (NASDAQ:HOVNP) by 3.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. 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 as of its most recent filing with the Securities & Exchange Commission.

Hovnanian Enterprises, Inc. PFD DEP1/1000A Company Profile

Hovnanian Enterprises, Inc is a residential homebuilder that designs, constructs and sells single-family homes, townhomes and condominiums. Its communities are marketed primarily under the K. Hovnanian’s brand and may include both traditional neighborhoods and age-restricted active-adult communities. The company also provides mortgage, title and insurance-related services to support home purchases in certain markets.

Founded in 1959 by Kevork S. Hovnanian, the company serves homebuyers across several regions of the United States, including the Northeast, Mid-Atlantic, Southeast, Southwest and parts of the Midwest.