It is trading at $7.18 just a bit higher than $6.58, the stock’s 50 day moving average and which is just a bit higher than the 200 day moving average of $6.76. The 50 day moving average was up $0.59 whereas the 200 day moving average was up $0.41 or +6.0835%. Hovnanian Enterprises Inc – Dep shares had a trading volume of 41K on Tuesday. Volume was up 654.00% over the stocks average daily volume.
Investors are feeling more bullish on Hovnanian Enterprises Inc – Dep if you watch the decrease in short interest. The company saw a fall in short interest of -27.90% between September 29, 2017 and October 13, 2017. Short shares decreased 1,151 over that period. Days to cover increased from 0.0 to 1.0 and the percentage of shorted shares was 0.00% on October 13.
Hovnanian Enterprises, Inc., launched on June 27, 1983, is a builder of residential homes. The Company designs, constructs, markets and sells single-family detached homes, attached townhomes and condominiums, urban infill and active lifestyle homes in planned residential developments. The Company has two distinct operations: homebuilding and financial services. Its homebuilding operations consist of six segments: Northeast: New Jersey and Pennsylvania; Mid-Atlantic: Delaware, Maryland, Virginia, Washington, District of Columbia, and West Virginia; Midwest: Illinois and Ohio; Southeast: Florida, Georgia and South Carolina; Southwest: Arizona and Texas, and West: California. Its financial services operations provide mortgage loans and title services to the customers of its homebuilding operations. As of October 31, 2016, the Company offered homes for sale in 167 communities in 33 markets in 14 states throughout the United States..Advertisement