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

Pershing Square Holdings, Ltd. (OTCMKTS:PSHZF - Get Free Report) was the target of a large increase in short interest in May. As of May 15th, there was short interest totalling 32,500 shares, an increase of 209.5% from the April 30th total of 10,500 shares. Based on an average trading volume of 40,600 shares, the days-to-cover ratio is presently 0.8 days. Approximately 0.0% of the shares of the stock are short sold.

Pershing Square Stock Up 0.8%

Shares of Pershing Square stock traded up $0.45 on Tuesday, reaching $53.50. 49,071 shares of the company were exchanged, compared to its average volume of 25,155. Pershing Square has a fifty-two week low of $40.35 and a fifty-two week high of $57.85. The stock has a fifty day moving average price of $48.20 and a 200-day moving average price of $49.67.

Pershing Square Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, June 20th. Shareholders of record on Monday, May 19th will be issued a dividend of $0.1646 per share. This represents a yield of 1.31%. The ex-dividend date is Friday, May 16th. This is an increase from Pershing Square's previous dividend of $0.15.

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.