Short Interest in Pershing Square Holdings, Ltd. (OTCMKTS:PSHZF) Drops By 22.2%

Pershing Square Holdings, Ltd. (OTCMKTS:PSHZF) saw a significant decrease in short interest during the month of March. As of March 15th, there was short interest totalling 53,300 shares, a decrease of 22.2% from the February 28th total of 68,500 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 59,000 shares, the short-interest ratio is currently 0.9 days.

Pershing Square Stock Performance

OTCMKTS PSHZF traded down $0.40 during trading on Tuesday, hitting $48.95. 16,672 shares of the stock traded hands, compared to its average volume of 23,983. Pershing Square has a 12-month low of $42.26 and a 12-month high of $57.85. The firm has a 50-day simple moving average of $52.12 and a 200-day simple moving average of $49.28.

Pershing Square Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, February 14th were issued a $0.1646 dividend. The ex-dividend date was Friday, February 14th. This is an increase from Pershing Square’s previous quarterly dividend of $0.15. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.35%.

Pershing Square Company Profile

Pershing Square Holdings, Ltd. is a closed-ended balanced fund launched and managed by Pershing Square Capital Management, L.P. It invests in public equity and fixed income markets across the globe. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in value stocks of companies.