Hovnanian Enterprises, Inc. PFD DEP1/1000A (NASDAQ:HOVNP) Short Interest Down 42.2% in July

Hovnanian Enterprises, Inc. PFD DEP1/1000A (NASDAQ:HOVNP) was the recipient of a large drop in short interest during the month of July. As of July 15th, there was short interest totaling 2,606 shares, a drop of 42.2% from the June 30th total of 4,509 shares. Based on an average daily volume of 3,766 shares, the short-interest ratio is currently 0.7 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 holdings in shares of Hovnanian Enterprises, Inc. PFD DEP1/1000A (NASDAQ:HOVNP) by 3.9% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 28,550 shares of the company’s stock after purchasing 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 as of its most recent filing with the SEC.

Hovnanian Enterprises, Inc. PFD DEP1/1000A Stock Down 0.5%

NASDAQ:HOVNP traded down $0.09 during trading hours on Friday, reaching $19.90. 21,372 shares of the stock were exchanged, compared to its average volume of 5,119. The business has a 50-day moving average of $20.46 and a two-hundred day moving average of $20.71. Hovnanian Enterprises, Inc. PFD DEP1/1000A has a twelve month low of $18.52 and a twelve month high of $21.90.

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

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Wednesday, July 1st were issued a dividend of $0.4766 per share. This represents a $1.91 dividend on an annualized basis and a yield of 9.6%. The ex-dividend date was Wednesday, July 1st.

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.