Hovnanian Enterprises, Inc. PFD DEP1/1000A (NASDAQ:HOVNP) Short Interest Up 127.3% in December

Hovnanian Enterprises, Inc. PFD DEP1/1000A (NASDAQ:HOVNP) saw a large increase in short interest during the month of December. As of December 15th, there was short interest totaling 3,814 shares, an increase of 127.3% from the November 30th total of 1,678 shares. Based on an average daily volume of 11,336 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily volume of 11,336 shares, the days-to-cover ratio is currently 0.3 days.

Hovnanian Enterprises, Inc. PFD DEP1/1000A Trading Down 0.2%

Shares of NASDAQ HOVNP opened at $20.26 on Friday. The firm has a 50-day simple moving average of $20.14 and a 200-day simple moving average of $19.32. Hovnanian Enterprises, Inc. PFD DEP1/1000A has a 52 week low of $16.05 and a 52 week high of $21.35.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Thursday, January 1st will be issued a $0.4766 dividend. This represents a $1.91 dividend on an annualized basis and a yield of 9.4%. The ex-dividend date is Wednesday, December 31st. This is a positive change from Hovnanian Enterprises, Inc. PFD DEP1/1000A’s previous quarterly dividend of $0.48.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Hovnanian Enterprises, Inc. PFD DEP1/1000A stock. Shikiar Asset Management Inc. purchased a new stake in Hovnanian Enterprises, Inc. PFD DEP1/1000A (NASDAQ:HOVNP) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 26,275 shares of the company’s stock, valued at approximately $546,000.

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.