Star Holdings (NASDAQ:STHO) Sees Significant Increase in Short Interest

Star Holdings (NASDAQ:STHO - Get Free Report) was the target of a significant increase in short interest in the month of February. As of February 15th, there was short interest totalling 267,800 shares, an increase of 20.6% from the January 31st total of 222,000 shares. Currently, 2.1% of the shares of the stock are sold short. Based on an average trading volume of 74,500 shares, the days-to-cover ratio is currently 3.6 days.

Star Price Performance

NASDAQ STHO traded up $0.12 on Friday, reaching $9.12. The company's stock had a trading volume of 53,161 shares, compared to its average volume of 57,644. The firm has a market cap of $121.48 million, a PE ratio of -1.40 and a beta of 1.20. The business has a 50-day moving average price of $8.92 and a 200 day moving average price of $11.12. Star has a 52 week low of $7.96 and a 52 week high of $14.50. The company has a current ratio of 7.24, a quick ratio of 9.23 and a debt-to-equity ratio of 0.63.

Star (NASDAQ:STHO - Get Free Report) last posted its earnings results on Tuesday, February 18th. The company reported ($7.70) earnings per share for the quarter. The business had revenue of $32.76 million during the quarter. Star had a negative net margin of 76.57% and a negative return on equity of 33.53%.

Institutional Trading of Star

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC increased its stake in Star by 196.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,658 shares of the company's stock valued at $26,000 after acquiring an additional 1,761 shares during the period. PNC Financial Services Group Inc. grew its stake in Star by 298.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 4,453 shares of the company's stock worth $43,000 after buying an additional 3,335 shares during the last quarter. Russell Investments Group Ltd. grew its stake in Star by 725.2% during the fourth quarter. Russell Investments Group Ltd. now owns 5,562 shares of the company's stock worth $54,000 after buying an additional 4,888 shares during the last quarter. Wells Fargo & Company MN grew its stake in Star by 18.9% during the fourth quarter. Wells Fargo & Company MN now owns 9,413 shares of the company's stock worth $92,000 after buying an additional 1,494 shares during the last quarter. Finally, Squarepoint Ops LLC bought a new stake in Star during the fourth quarter worth about $99,000. Institutional investors own 89.31% of the company's stock.

Remove Ads

Star Company Profile

Star Holdings engages in the non-ground lease related commercial real estate businesses in the United States. Its portfolio primarily comprises interest in the Asbury Park Waterfront and Magnolia Green residential development projects. Star Holdings is based in New York, New York.