Star Holdings (NASDAQ:STHO) Sees Large Growth in Short Interest

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

Star Price Performance

STHO stock opened at $9.00 on Friday. The company has a debt-to-equity ratio of 0.63, a current ratio of 7.24 and a quick ratio of 9.23. The firm has a market capitalization of $119.88 million, a P/E ratio of -1.38 and a beta of 1.20. The business’s 50-day moving average is $8.92 and its two-hundred day moving average is $11.12. Star has a 1 year low of $7.96 and a 1 year high of $14.50.

Star (NASDAQ:STHO) last posted its quarterly earnings results on Tuesday, February 18th. The company reported ($7.70) earnings per share (EPS) for the quarter. The company 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 Investors Weigh In On Star

Several hedge funds and other institutional investors have recently made changes to their positions in STHO. Toronto Dominion Bank acquired a new stake in shares of Star during the 4th quarter worth about $12,648,000. Foursixthree Capital LP acquired a new stake in shares of Star during the 4th quarter worth about $9,207,000. Saba Capital Management L.P. raised its position in shares of Star by 24.9% during the 4th quarter. Saba Capital Management L.P. now owns 1,022,198 shares of the company’s stock worth $9,946,000 after acquiring an additional 204,030 shares in the last quarter. Peapod Lane Capital LLC acquired a new stake in shares of Star during the 4th quarter worth about $1,419,000. Finally, Rangeley Capital LLC acquired a new stake in shares of Star during the 4th quarter worth about $1,236,000. Institutional investors and hedge funds own 89.31% of the company’s stock.

About Star

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.