Pershing Square (OTCMKTS:PSHZF) Sees Unusually-High Trading Volume - Time to Buy?

Key Points

• Pershing Square Holdings experienced a significant increase in trading volume of 56%, with 34,883 shares traded on Tuesday, up from 22,300 shares previously.
• The stock price increased by 1.0%, closing at $60.82 after a previous closing of $60.24.
• A quarterly dividend of $0.1646 per share has been announced, payable to investors of record on August 15th, representing an annualized yield of 1.1%.

Shares of Pershing Square Holdings, Ltd. (OTCMKTS:PSHZF - Get Free Report) saw unusually-strong trading volume on Tuesday . Approximately 34,883 shares traded hands during trading, an increase of 56% from the previous session's volume of 22,300 shares.The stock last traded at $60.82 and had previously closed at $60.24.

Pershing Square Trading Up 1.1%

The company has a 50-day simple moving average of $57.22 and a two-hundred day simple moving average of $52.46. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.18.

Pershing Square Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 19th. Stockholders of record on Friday, August 15th will be issued a dividend of $0.1646 per share. This represents a $0.66 annualized dividend and a dividend yield of 1.0%.

About Pershing Square

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.