Hovnanian Enterprises, Inc. PFD DEP1/1000A (NASDAQ:HOVNP) Short Interest Down 47.5% in May

Hovnanian Enterprises, Inc. PFD DEP1/1000A (NASDAQ:HOVNP) saw a significant decrease in short interest in the month of May. As of May 15th, there was short interest totaling 4,624 shares, a decrease of 47.5% from the April 30th total of 8,815 shares. Based on an average daily volume of 2,868 shares, the short-interest ratio is currently 1.6 days.

Hedge Funds Weigh In On Hovnanian Enterprises, Inc. PFD DEP1/1000A

A hedge fund recently raised its stake in Hovnanian Enterprises, Inc. PFD DEP1/1000A stock. Shikiar Asset Management Inc. lifted its position in shares of Hovnanian Enterprises, Inc. PFD DEP1/1000A (NASDAQ:HOVNP) by 4.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,475 shares of the company’s stock after acquiring an additional 1,200 shares during the period. Shikiar Asset Management Inc.’s holdings in Hovnanian Enterprises, Inc. PFD DEP1/1000A were worth $567,000 as of its most recent filing with the Securities & Exchange Commission.

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

HOVNP traded down $0.13 on Monday, hitting $20.78. The company had a trading volume of 5,168 shares, compared to its average volume of 5,517. Hovnanian Enterprises, Inc. PFD DEP1/1000A has a 52-week low of $16.10 and a 52-week high of $21.90. The stock has a fifty day simple moving average of $20.66 and a 200-day simple moving average of $20.62.

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

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Wednesday, April 1st were issued a $0.4766 dividend. The ex-dividend date was Wednesday, April 1st. This represents a $1.91 annualized dividend and a yield of 9.2%.

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.