Hovnanian Enterprises, Inc. (NYSE:HOV) Short Interest Down 11.1% in November

Hovnanian Enterprises, Inc. (NYSE:HOV) was the target of a significant decrease in short interest in November. As of November 15th, there was short interest totalling 215,300 shares, a decrease of 11.1% from the October 31st total of 242,300 shares. Currently, 4.9% of the shares of the stock are short sold. Based on an average daily volume of 71,700 shares, the short-interest ratio is presently 3.0 days.

Analyst Ratings Changes

Separately, StockNews.com cut Hovnanian Enterprises from a “buy” rating to a “hold” rating in a report on Friday, August 23rd.

Hovnanian Enterprises Trading Up 1.1 %

NYSE:HOV traded up $2.09 during trading hours on Tuesday, reaching $196.74. 59,007 shares of the stock were exchanged, compared to its average volume of 79,013. The company has a quick ratio of 0.27, a current ratio of 1.45 and a debt-to-equity ratio of 0.20. The business has a 50-day moving average of $187.67 and a two-hundred day moving average of $180.29. Hovnanian Enterprises has a twelve month low of $95.30 and a twelve month high of $240.34. The company has a market capitalization of $1.19 billion, a price-to-earnings ratio of 6.07 and a beta of 2.62.

Insider Activity

In related news, Director Robin Stone Sellers sold 531 shares of the company’s stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $205.75, for a total value of $109,253.25. Following the transaction, the director now directly owns 21,033 shares in the company, valued at approximately $4,327,539.75. This represents a 2.46 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Vincent Pagano, Jr. sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $201.11, for a total value of $603,330.00. Following the completion of the transaction, the director now owns 24,552 shares in the company, valued at $4,937,652.72. This represents a 10.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 24,289 shares of company stock worth $5,158,796 over the last ninety days. Corporate insiders own 17.67% of the company’s stock.

Institutional Trading of Hovnanian Enterprises

Large investors have recently modified their holdings of the stock. Allspring Global Investments Holdings LLC purchased a new stake in shares of Hovnanian Enterprises during the third quarter worth $33,000. Innealta Capital LLC purchased a new stake in shares of Hovnanian Enterprises during the second quarter worth $37,000. FMR LLC increased its position in shares of Hovnanian Enterprises by 20.6% during the third quarter. FMR LLC now owns 346 shares of the construction company’s stock worth $71,000 after acquiring an additional 59 shares during the period. CWM LLC increased its position in shares of Hovnanian Enterprises by 89.6% during the third quarter. CWM LLC now owns 749 shares of the construction company’s stock worth $153,000 after acquiring an additional 354 shares during the period. Finally, Creative Planning purchased a new stake in shares of Hovnanian Enterprises during the third quarter worth $202,000. Hedge funds and other institutional investors own 65.40% of the company’s stock.

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.