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

Pershing Square Holdings, Ltd. (OTCMKTS:PSHZF - Get Free Report) saw a significant decrease in short interest in the month of March. As of March 15th, there was short interest totalling 53,300 shares, a decrease of 22.2% from the February 28th total of 68,500 shares. Currently, 0.0% of the company's shares are short sold. Based on an average trading volume of 59,000 shares, the short-interest ratio is presently 0.9 days.

Pershing Square Stock Down 7.9 %

Shares of OTCMKTS:PSHZF traded down $3.73 during midday trading on Friday, reaching $43.67. 65,056 shares of the company's stock were exchanged, compared to its average volume of 24,332. Pershing Square has a fifty-two week low of $42.26 and a fifty-two week high of $57.85. The firm's 50 day simple moving average is $51.73 and its two-hundred day simple moving average is $49.26.

Pershing Square Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, February 14th were given a dividend of $0.1646 per share. The ex-dividend date of this dividend was Friday, February 14th. This is a boost from Pershing Square's previous quarterly dividend of $0.15. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.51%.

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.