Short Interest in Pershing Square Holdings, Ltd. (OTCMKTS:PSHZF) Declines By 56.4%

Pershing Square Holdings, Ltd. (OTCMKTS:PSHZF) saw a large drop in short interest in the month of January. As of January 15th, there was short interest totalling 5,800 shares, a drop of 56.4% from the December 31st total of 13,300 shares. Based on an average daily volume of 57,800 shares, the days-to-cover ratio is presently 0.1 days.

Pershing Square Stock Down 1.0 %

Shares of OTCMKTS:PSHZF traded down $0.49 during trading on Wednesday, reaching $51.27. 15,516 shares of the stock were exchanged, compared to its average volume of 27,351. The firm’s 50-day moving average price is $49.25 and its 200 day moving average price is $48.13. Pershing Square has a 12-month low of $42.26 and a 12-month high of $55.86.

Pershing Square Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, February 14th will be paid a dividend of $0.1646 per share. This is an increase from Pershing Square’s previous quarterly dividend of $0.15. This represents a $0.66 annualized dividend and a yield of 1.28%. 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.