Pershing Square Holdings, Ltd. (OTCMKTS:PSHZF) Short Interest Up 35.6% in January

Pershing Square Holdings, Ltd. (OTCMKTS:PSHZF - Get Free Report) was the target of a large increase in short interest in the month of January. As of January 31st, there was short interest totalling 27,800 shares, an increase of 35.6% from the January 15th total of 20,500 shares. Based on an average daily volume of 26,300 shares, the days-to-cover ratio is presently 1.1 days.

Pershing Square Stock Down 0.6 %

OTCMKTS PSHZF traded down $0.33 during trading hours on Thursday, hitting $56.44. The company had a trading volume of 10,378 shares, compared to its average volume of 25,708. Pershing Square has a 52 week low of $42.26 and a 52 week high of $57.85. The firm has a 50 day simple moving average of $51.27 and a 200 day simple moving average of $48.48.

Pershing Square Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, February 14th will be paid a $0.1646 dividend. The ex-dividend date is Friday, February 14th. This represents a $0.66 annualized dividend and a yield of 1.17%. This is an increase from Pershing Square's previous quarterly dividend of $0.15.

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.