Pershing Square Holdings, Ltd. (OTCMKTS:PSHZF) Short Interest Up 67.6% in February

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

Pershing Square Price Performance

Shares of OTCMKTS:PSHZF traded down $0.67 during trading on Tuesday, reaching $53.15. 5,445 shares of the stock were exchanged, compared to its average volume of 25,166. Pershing Square has a 1-year low of $42.26 and a 1-year high of $57.85. The stock has a fifty day moving average of $52.15 and a two-hundred day moving average of $48.97.

Pershing Square Increases Dividend

The company also recently disclosed 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 represents a $0.66 dividend on an annualized basis and a yield of 1.24%. This is an increase from Pershing Square’s previous quarterly dividend of $0.15. The ex-dividend date is Friday, February 14th.

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.