Pershing Square Holdings, Ltd. Short Interest Update
Pershing Square Holdings, Ltd. (OTCMKTS:PSHZF - Get Free Report) experienced a notable decrease in its short interest throughout January. By January 15th, the total short interest fell to 5,800 shares, reflecting a considerable reduction of 56.4% compared to the end of December, where it stood at 13,300 shares. Given the average trading volume of 57,800 shares, the current short-interest ratio is just 0.1 days.
Pershing Square Price Performance
On Wednesday, shares of Pershing Square traded down by $0.49, reaching a price of $51.27. The trading volume for the company amounted to 15,516 shares, which is below its average volume of 27,351. Over the past 50 days, the moving average stands at $49.25, while the 200-day moving average is $48.13. The stock has noted a 1-year low of $42.26 and a high of $55.86 during this period.
Pershing Square Increases Dividend
Additionally, the company has recently declared a quarterly dividend, set to be paid on Friday, March 21st. Shareholders who are on record by February 14th will receive a dividend of $0.1646 per share. This marks an increase from the previous quarterly dividend of $0.15. The annualized dividend now totals $0.66, yielding a dividend rate of 1.28%. The ex-dividend date for this payment is February 14th.
Company Profile of Pershing Square
Pershing Square Holdings, Ltd. operates as a closed-ended balanced fund, launched and managed by Pershing Square Capital Management, L.P.. The fund invests globally in public equity and fixed-income markets, focusing on a diverse range of sectors. Its primary investment strategy targets value stocks within various industries.
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