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

Pershing Square Holdings, Ltd. (OTCMKTS:PSHZF) saw a large increase in short interest in February. As of February 15th, there was short interest totalling 46,600 shares, an increase of 67.6% from the January 31st total of 27,800 shares. Based on an average daily trading volume, of 39,800 shares, the days-to-cover ratio is currently 1.2 days.

Pershing Square Stock Performance

Shares of OTCMKTS:PSHZF traded down $0.08 during trading on Friday, hitting $53.82. The company’s stock had a trading volume of 23,888 shares, compared to its average volume of 25,674. Pershing Square has a fifty-two week low of $42.26 and a fifty-two week high of $57.85. The business has a 50 day moving average price of $52.03 and a two-hundred day moving average price of $48.92.

Pershing Square Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, February 14th will be issued a dividend of $0.1646 per share. This is an increase from Pershing Square’s previous quarterly dividend of $0.15. The ex-dividend date is Friday, February 14th. This represents a $0.66 annualized dividend and a yield of 1.22%.

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.