Hovnanian Enterprises, Inc. (NYSE:HOV) Short Interest Update

Hovnanian Enterprises, Inc. (NYSE:HOV) was the recipient of a large increase in short interest during the month of December. As of December 31st, there was short interest totalling 217,000 shares, an increase of 12.1% from the December 15th total of 193,500 shares. Currently, 5.0% of the shares of the company are short sold. Based on an average daily volume of 80,900 shares, the days-to-cover ratio is presently 2.7 days.

Hovnanian Enterprises Stock Performance

Shares of NYSE:HOV traded down $1.36 on Friday, hitting $139.21. The company’s stock had a trading volume of 70,604 shares, compared to its average volume of 85,057. The company has a market capitalization of $843.58 million, a price-to-earnings ratio of 4.34 and a beta of 2.70. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.34 and a current ratio of 1.52. Hovnanian Enterprises has a 12 month low of $115.90 and a 12 month high of $240.34. The stock’s 50-day moving average is $155.30 and its two-hundred day moving average is $178.72.

Hedge Funds Weigh In On Hovnanian Enterprises

Several large investors have recently bought and sold shares of HOV. Allspring Global Investments Holdings LLC bought a new position in shares of Hovnanian Enterprises in the third quarter valued at approximately $33,000. FMR LLC lifted its position in Hovnanian Enterprises by 20.6% in the third quarter. FMR LLC now owns 346 shares of the construction company’s stock worth $71,000 after purchasing an additional 59 shares during the period. CWM LLC boosted its stake in Hovnanian Enterprises by 89.6% during the 3rd quarter. CWM LLC now owns 749 shares of the construction company’s stock valued at $153,000 after purchasing an additional 354 shares in the last quarter. Creative Planning acquired a new position in shares of Hovnanian Enterprises during the 3rd quarter valued at $202,000. Finally, B. Riley Wealth Advisors Inc. bought a new stake in shares of Hovnanian Enterprises in the 3rd quarter worth $205,000. Institutional investors and hedge funds own 65.40% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Wedbush restated a “neutral” rating and issued a $155.00 target price on shares of Hovnanian Enterprises in a research report on Monday, December 16th.

Hovnanian Enterprises Company Profile

Hovnanian Enterprises, Inc, through its subsidiaries, designs, constructs, markets, and sells residential homes in the United States. It offers single-family detached homes, attached townhomes and condominiums, urban infill, and active lifestyle homes with amenities, such as clubhouses, swimming pools, tennis courts, tot lots, and open areas.