Star Holdings (NASDAQ:STHO) Short Interest Up 20.6% in February

Star Holdings (NASDAQ:STHO) saw a large increase in short interest during 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. Based on an average daily trading volume, of 74,500 shares, the days-to-cover ratio is presently 3.6 days. Approximately 2.1% of the company’s stock are sold short.

Institutional Trading of Star

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC increased its stake in shares of Star by 196.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,658 shares of the company’s stock worth $26,000 after purchasing an additional 1,761 shares during the period. PNC Financial Services Group Inc. increased its position 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 acquiring an additional 3,335 shares during the period. Russell Investments Group Ltd. boosted its holdings in Star by 725.2% in the 4th quarter. Russell Investments Group Ltd. now owns 5,562 shares of the company’s stock valued at $54,000 after purchasing an additional 4,888 shares during the period. Wells Fargo & Company MN increased its holdings in shares of 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 purchasing an additional 1,494 shares during the period. Finally, Squarepoint Ops LLC acquired a new position in Star in the 4th quarter valued at $99,000. Institutional investors own 89.31% of the company’s stock.

Star Stock Performance

Shares of STHO stock opened at $8.89 on Thursday. The company has a fifty day moving average price of $8.93 and a two-hundred day moving average price of $11.14. The stock has a market cap of $118.41 million, a P/E ratio of -1.36 and a beta of 1.33. The company has a debt-to-equity ratio of 0.63, a current ratio of 7.24 and a quick ratio of 9.23. Star has a one year low of $7.96 and a one year high of $14.50.

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

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.