Star Holdings (NASDAQ:STHO) Sees Short Interest Rise by 18.9%

Star Holdings (NASDAQ:STHO) experienced a substantial increase in short interest during December. As of December 15th, the short interest totaled 137,400 shares, representing an 18.9% rise from the previous total of 115,600 shares reported on November 30th. This indicates that currently, 1.2% of the company's stock is sold short. With an average daily volume of 67,400 shares, the short-interest ratio is now at 2.0 days.

Institutional Investor Activity

Numerous hedge funds and institutional investors have made adjustments to their positions in Star Holdings. American Century Companies Inc. has increased its stake by 16.6% in the second quarter, bringing its total ownership to 13,496 shares valued at $163,000 after acquiring an additional 1,921 shares last quarter. Similarly, Howard Financial Services LTD. raised its holdings by 18.8% in the third quarter to own 19,000 shares worth $263,000, following a purchase of 3,000 more shares. Furthermore, Marquette Asset Management LLC increased its stake by 17.7% in the third quarter, now holding 20,865 shares valued at $289,000 after buying an additional 3,131 shares. FMR LLC also expanded its holdings by 81.1% during the same period, now owning 7,386 shares valued at $102,000 after purchasing 3,308 additional shares. Bluefin Capital Management LLC made a smaller increase of 1.2%, now owning 351,518 shares worth $4,239,000 after acquiring an extra 4,311 shares. Cumulatively, institutional investors hold a significant portion, approximately 89.31%, of Star Holdings' stock.

Performance of Star Holdings

On a recent trading day, STHO stock saw a drop of $0.23, bringing its price to $9.30 during mid-day trading. The trading volume reached 136,200 shares, surpassing the average volume of 57,246 shares. The company’s fifty-day simple moving average stands at $11.27, while the 200-day simple moving average is at $12.31. Over the past year, Star Holdings has recorded a 52-week low of $9.23 and a high of $15.31. Financially, Star Holdings has a current ratio and quick ratio of 9.23, and a debt-to-equity ratio of 0.45, with a market capitalization of $123.88 million. The company also possesses a P/E ratio of 1.51 and a beta of 1.25.

In its last quarterly earnings report announced on November 5th, Star Holdings reported an earnings per share (EPS) of ($0.42). The company achieved a net margin of 69.55% and recorded a return on equity of 9.84%, with revenue amounting to $24.55 million for that quarter.

About Star Holdings

Star Holdings specializes in non-ground lease commercial real estate operations within the United States. Its portfolio mainly includes interests in the Asbury Park Waterfront and Magnolia Green residential development projects. The company is headquartered in New York, New York.

Star, Short, Stocks