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

Hovnanian Enterprises, Inc. PFD DEP1/1000A (NASDAQ:HOVNPGet Free Report) was the target of a large decline in short interest in the month of August. As of August 14th, there was short interest totaling 599 shares, a decline of 58.2% from the July 30th total of 1,432 shares. Based on an average trading volume of 7,585 shares, the short-interest ratio is presently 0.1 days.

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

An institutional investor recently raised its stake in Hovnanian Enterprises, Inc. PFD DEP1/1000A stock. Shikiar Asset Management Inc. grew its position in Hovnanian Enterprises, Inc. PFD DEP1/1000A (NASDAQ:HOVNPFree Report) by 3.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,550 shares of the company’s stock after buying 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 SEC filing.

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

Shares of HOVNP stock opened at $19.56 on Friday. The company’s 50-day moving average price is $20.09 and its 200-day moving average price is $20.60. 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 Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 1st were paid a dividend of $0.4766 per share. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a $1.91 dividend on an annualized basis and a yield of 9.7%.

About Hovnanian Enterprises, Inc. PFD DEP1/1000A

(Get Free Report)

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.

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