Hovnanian Enterprises

HOV

Hovnanian Enterprises, Inc. is a United States real estate company which is involved in every aspect of marketing homes, including design, construction and sales. The company works with individual detached housing as well as higher-occupancy dwellings, including townhouses, condominiums and retirement homes. In most cases, the company acquires and develops the land on which these developments are built, but in some geographic regions, Hovnanian offers to build their proprietary house designs on private land. The company consists of two operating groups, homebuilding and financial services. Despite some recent financial difficulties due to the 2008–2009 recession and financial crisis, Hovnanian Enterprises remains the eleventh largest American homebuilder and is one of the largest homebuilders in New Jersey, as of December 2018.

Hovnanian Enterprises has been a target of short sellers for a while. The current short interest of 8.31% is roughly at the average of the last 12 months (6.49%).