Short Interest in Star Holdings (NASDAQ:STHO) Increases By 20.6%

Star Holdings (NASDAQ:STHO) was the target of a large increase in short interest in 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. Based on an average daily trading volume, of 74,500 shares, the short-interest ratio is currently 3.6 days. Currently, 2.1% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. boosted its stake in Star by 4.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 103,394 shares of the company’s stock valued at $1,431,000 after acquiring an additional 4,715 shares during the last quarter. FMR LLC grew its stake in shares of Star by 81.1% during the third quarter. FMR LLC now owns 7,386 shares of the company’s stock worth $102,000 after purchasing an additional 3,308 shares during the period. Quadrature Capital Ltd bought a new stake in Star in the third quarter valued at about $243,000. State Street Corp lifted its stake in Star by 3.5% in the third quarter. State Street Corp now owns 274,005 shares of the company’s stock valued at $3,792,000 after buying an additional 9,393 shares during the period. Finally, Barclays PLC boosted its holdings in Star by 262.7% during the third quarter. Barclays PLC now owns 17,341 shares of the company’s stock worth $240,000 after buying an additional 12,560 shares during the last quarter. 89.31% of the stock is currently owned by institutional investors and hedge funds.

Star Trading Down 0.1 %

STHO opened at $8.89 on Thursday. Star has a 1-year low of $7.96 and a 1-year high of $14.50. The firm has a 50-day moving average price of $8.93 and a two-hundred day moving average price of $11.14. The stock has a market capitalization of $118.41 million, a PE ratio of -1.36 and a beta of 1.33. 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) last posted its quarterly earnings data on Tuesday, February 18th. The company reported ($7.70) earnings per share (EPS) for the quarter. The firm had revenue of $32.76 million for the quarter. Star had a negative return on equity of 33.53% and a negative net margin of 76.57%.

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.