Pershing Square Holdings, Ltd. (OTCMKTS:PSHZF) Sees Significant Growth in Short Interest

Pershing Square Holdings, Ltd. (OTCMKTS:PSHZF) was the target of a significant growth in short interest during the month of February. As of February 28th, there was short interest totalling 68,500 shares, a growth of 47.0% from the February 13th total of 46,600 shares. Based on an average trading volume of 65,700 shares, the short-interest ratio is currently 1.0 days. Currently, 0.0% of the company’s stock are sold short.

Pershing Square Stock Performance

Shares of PSHZF traded up $1.06 during mid-day trading on Monday, hitting $48.75. 10,396 shares of the company traded hands, compared to its average volume of 26,154. The business has a 50 day moving average of $52.46 and a 200 day moving average of $49.11. Pershing Square has a 1-year low of $42.26 and a 1-year high of $57.85.

Pershing Square Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, February 14th will be issued a $0.1646 dividend. The ex-dividend date is Friday, February 14th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.35%. This is a boost from Pershing Square’s previous quarterly dividend of $0.15.

Pershing Square Company Profile

Pershing Square Holdings, Ltd. is a closed-ended balanced fund launched and managed by Pershing Square Capital Management, L.P. It invests in public equity and fixed income markets across the globe. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in value stocks of companies.