Short Interest in Harvey Norman Holdings Limited (OTCMKTS:HNORY) Drops By 75.0%

Harvey Norman Holdings Limited (OTCMKTS:HNORY) was the target of a significant drop in short interest during the month of March. As of March 15th, there was short interest totalling 100 shares, a drop of 75.0% from the February 28th total of 400 shares. Based on an average daily volume of 100 shares, the days-to-cover ratio is presently 1.0 days.

Harvey Norman Price Performance

Shares of Harvey Norman stock remained flat at $14.97 during trading hours on Friday. The stock’s 50-day moving average is $15.20 and its two-hundred day moving average is $14.97. Harvey Norman has a 1 year low of $13.40 and a 1 year high of $17.64.

Harvey Norman Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, May 16th. Shareholders of record on Thursday, April 3rd will be given a dividend of $0.3073 per share. The ex-dividend date of this dividend is Thursday, April 3rd.

About Harvey Norman

Harvey Norman Holdings Limited engages in the integrated retail, franchise, property, and digital system businesses. It franchises and sells products in various categories, including electrical goods, furniture, computerized communications, bedding and Manchester, kitchen and small appliances, bathroom and tiles, and carpets and floorings.