Hovnanian Enterprises, Inc. PFD DEP1/1000A (NASDAQ:HOVNP) Short Interest Update

Hovnanian Enterprises, Inc. PFD DEP1/1000A (NASDAQ:HOVNP) saw a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 4,456 shares, a growth of 643.9% from the August 15th total of 599 shares. Based on an average daily volume of 4,287 shares, the days-to-cover ratio is currently 1.0 days.

Hovnanian Enterprises, Inc. PFD DEP1/1000A Stock Up 0.3%

Shares of Hovnanian Enterprises, Inc. PFD DEP1/1000A stock opened at $19.31 on Friday. Hovnanian Enterprises, Inc. PFD DEP1/1000A has a 52 week low of $18.52 and a 52 week high of $21.90. The business’s fifty day simple moving average is $19.95 and its 200-day simple moving average is $20.47.

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

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Investors 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.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Hovnanian Enterprises, Inc. PFD DEP1/1000A stock. Shikiar Asset Management Inc. boosted its stake in shares of Hovnanian Enterprises, Inc. PFD DEP1/1000A (NASDAQ:HOVNP) by 3.9% in the 1st quarter, according to the company in its most recent Form 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 quarter. 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 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.