Hovnanian Enterprises, Inc. PFD DEP1/1000A (NASDAQ:HOVNP) Sees Significant Increase in Short Interest

Hovnanian Enterprises, Inc. PFD DEP1/1000A (NASDAQ:HOVNP) was the target of a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 4,456 shares, an increase of 643.9% from the August 15th total of 599 shares. Based on an average trading volume of 4,287 shares, the short-interest ratio is presently 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. increased its position in shares of Hovnanian Enterprises, Inc. PFD DEP1/1000A (NASDAQ:HOVNP) by 3.9% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 28,550 shares of the company’s stock after buying an additional 1,075 shares during the quarter. 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 Price Performance

Shares of HOVNP opened at $19.31 on Friday. Hovnanian Enterprises, Inc. PFD DEP1/1000A has a 12-month low of $18.52 and a 12-month high of $21.90. The firm has a 50-day moving average price of $19.95 and a 200 day moving average price of $20.47.

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

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

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.