Star Holdings (NASDAQ:STHO) Sees Significant Increase in Short Interest

Star Holdings (NASDAQ:STHO) experienced a notable rise in short interest throughout December. By December 15th, the total short interest reached 137,400 shares, marking an 18.9% increase from the 115,600 shares reported on November 30th. Currently, 1.2% of the company's total shares are sold short. Based on an average daily trading volume of 67,400 shares, the current short-interest ratio stands at 2.0 days.

Hedge Fund Activity Involving Star Holdings

Recently, several hedge funds and institutional investors have adjusted their positions in Star Holdings. For instance, American Century Companies Inc. increased its holdings by 16.6% during the second quarter, now owning 13,496 shares valued at $163,000 after acquiring an additional 1,921 shares in the last quarter. Similarly, Howard Financial Services LTD. lifted its stake in the company by 18.8% in the third quarter, amassing 19,000 shares worth $263,000 after acquiring 3,000 more shares. Marquette Asset Management LLC expanded its holdings by 17.7% in the third quarter as well, owning 20,865 shares valued at $289,000 after purchasing 3,131 shares. In an even more substantial increase, FMR LLC grew its holdings by 81.1% during the same period, now holding 7,386 shares valued at $102,000 after an addition of 3,308 shares. Furthermore, Bluefin Capital Management LLC added a modest 1.2% to its stake in Star during the second quarter, holding 351,518 shares valued at $4,239,000 after acquiring 4,311 additional shares. Notably, institutional investors collectively own 89.31% of Star Holdings' shares.

Stock Performance Overview

On the trading floor, Star Holdings' stock (STHO) experienced a drop of $0.23, reaching a price of $9.30 during midday trading on a recent Friday. The trading volume for the day was recorded at 136,200 shares, surpassing the average volume of 57,246 shares. The stock has seen a fifty-day simple moving average of $11.27 and a 200-day simple moving average of $12.31. In terms of price history, the company has a 52-week low of $9.23 and a high of $15.31. Financially, the firm boasts a current ratio of 9.23, a quick ratio of the same, and a debt-to-equity ratio of 0.45. The market capitalization of Star Holdings is currently at $123.88 million, with a P/E ratio of 1.51 and a beta of 1.25.

The last quarterly earnings report from Star Holdings was announced on November 5th, where the company reported an earnings per share (EPS) of ($0.42) for the quarter. The firm recorded a net margin of 69.55% and a return on equity of 9.84%, with a total revenue of $24.55 million during the quarter.

About Star Holdings

Star Holdings is actively engaged in non-ground lease related commercial real estate operations in the United States. The company’s portfolio prominently includes interests in the Asbury Park Waterfront and Magnolia Green residential development projects. Star Holdings operates from New York City.

Considerations for Potential Investors

Before making an investment decision in Star Holdings, it is advisable to note that analysts currently hold a “Hold” rating on the stock. Notably, other highly-rated stocks have gained attention among analysts, with some suggesting they offer better investment opportunities compared to Star Holdings.

Star, Investors, Stocks