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

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in STHO. FMR LLC increased its stake in shares of Star by 81.1% in 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 in the last quarter. TCW Group Inc. increased its stake in shares of Star by 14.2% in the fourth quarter. TCW Group Inc. now owns 441,226 shares of the company’s stock worth $4,293,000 after purchasing an additional 54,976 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Star by 123.6% in the third quarter. JPMorgan Chase & Co. now owns 22,613 shares of the company’s stock worth $313,000 after purchasing an additional 12,502 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Star by 4.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 103,394 shares of the company’s stock worth $1,431,000 after purchasing an additional 4,715 shares in the last quarter. Finally, Barclays PLC increased its stake in shares of Star by 262.7% in the third quarter. Barclays PLC now owns 17,341 shares of the company’s stock worth $240,000 after purchasing an additional 12,560 shares in the last quarter. 89.31% of the stock is currently owned by institutional investors.

Star Stock Up 1.3 %

STHO opened at $9.12 on Friday. 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 has a 1-year low of $7.96 and a 1-year high of $14.50. The company has a market capitalization of $121.48 million, a PE ratio of -1.40 and a beta of 1.20. The firm’s 50 day simple moving average is $8.92 and its two-hundred day simple moving average is $11.12.

Star (NASDAQ:STHO) last released its quarterly earnings results on Tuesday, February 18th. The company reported ($7.70) earnings per share 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 during 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.