Pershing Square Holdings, Ltd. (OTCMKTS:PSHZF) Sees Large Increase in Short Interest

Pershing Square Holdings, Ltd. (OTCMKTS:PSHZF) was the recipient of a large growth in short interest in the month of February. As of February 28th, there was short interest totalling 68,500 shares, a growth of 47.0% from the February 13th total of 46,600 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 65,700 shares, the days-to-cover ratio is currently 1.0 days.

Pershing Square Stock Performance

Shares of PSHZF traded up $0.05 during midday trading on Friday, hitting $47.69. The stock had a trading volume of 39,879 shares, compared to its average volume of 26,311. The company has a 50 day simple moving average of $52.46 and a two-hundred day simple moving average of $49.11. Pershing Square has a twelve month low of $42.26 and a twelve month high of $57.85.

Pershing Square Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, February 14th will be issued a $0.1646 dividend. This is a boost from Pershing Square’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.66 annualized dividend and a dividend yield of 1.38%.

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.