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

Hovnanian Enterprises, Inc. (NYSE:HOV) saw a significant growth in short interest in December. As of December 31st, there was short interest totalling 217,000 shares, a growth of 12.1% from the December 15th total of 193,500 shares. Based on an average trading volume of 80,900 shares, the short-interest ratio is currently 2.7 days. Approximately 5.0% of the company’s stock are short sold.

Hovnanian Enterprises Stock Down 1.0 %

HOV traded down $1.36 during trading on Friday, hitting $139.21. The company had a trading volume of 70,604 shares, compared to its average volume of 85,057. Hovnanian Enterprises has a 1-year low of $115.90 and a 1-year high of $240.34. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.52 and a quick ratio of 0.34. The company has a market cap of $843.58 million, a PE ratio of 4.34 and a beta of 2.70. The business has a 50-day moving average of $155.30 and a 200-day moving average of $178.72.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in HOV. Rhumbline Advisers lifted its position in shares of Hovnanian Enterprises by 3.8% in the 2nd quarter. Rhumbline Advisers now owns 9,033 shares of the construction company’s stock worth $1,282,000 after buying an additional 330 shares during the last quarter. American Century Companies Inc. lifted its holdings in Hovnanian Enterprises by 16.1% in the second quarter. American Century Companies Inc. now owns 133,933 shares of the construction company’s stock worth $19,008,000 after acquiring an additional 18,622 shares during the last quarter. Bank of Montreal Can boosted its stake in Hovnanian Enterprises by 72.3% in the second quarter. Bank of Montreal Can now owns 45,363 shares of the construction company’s stock valued at $6,438,000 after acquiring an additional 19,031 shares during the period. Squarepoint Ops LLC grew its holdings in shares of Hovnanian Enterprises by 94.4% during the second quarter. Squarepoint Ops LLC now owns 3,549 shares of the construction company’s stock valued at $504,000 after purchasing an additional 1,723 shares during the last quarter. Finally, AXA S.A. raised its position in shares of Hovnanian Enterprises by 306.7% during the 2nd quarter. AXA S.A. now owns 6,930 shares of the construction company’s stock worth $984,000 after purchasing an additional 5,226 shares during the period. Institutional investors and hedge funds own 65.40% of the company’s stock.

Analyst Ratings Changes

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

About Hovnanian Enterprises

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.