Star Holdings (NASDAQ:STHO) Short Interest Up 27.4% in January

Star Holdings (NASDAQ:STHO) was the recipient of a significant increase in short interest in the month of January. As of January 15th, there was short interest totalling 201,800 shares, an increase of 27.4% from the December 31st total of 158,400 shares. Currently, 1.8% of the shares of the company are sold short. Based on an average trading volume of 64,700 shares, the short-interest ratio is presently 3.1 days.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Peapod Lane Capital LLC acquired a new stake in shares of Star in the fourth quarter valued at approximately $1,419,000. TCW Group Inc. grew its holdings in Star by 15.1% in the 3rd quarter. TCW Group Inc. now owns 386,250 shares of the company’s stock valued at $5,346,000 after buying an additional 50,800 shares in the last quarter. Quadrature Capital Ltd acquired a new stake in shares of Star in the 3rd quarter worth $243,000. AQR Capital Management LLC acquired a new position in shares of Star during the 2nd quarter valued at about $162,000. Finally, Angeles Wealth Management LLC purchased a new stake in shares of Star in the third quarter valued at about $183,000. 89.31% of the stock is owned by institutional investors and hedge funds.

Star Stock Performance

Shares of NASDAQ:STHO traded down $0.01 during trading on Friday, hitting $8.89. 103,373 shares of the stock traded hands, compared to its average volume of 60,328. The company has a fifty day moving average price of $9.70 and a two-hundred day moving average price of $11.79. Star has a 52-week low of $8.26 and a 52-week high of $14.50. The company has a market cap of $118.41 million, a price-to-earnings ratio of 1.45 and a beta of 1.35. The company has a quick ratio of 9.23, a current ratio of 9.23 and a debt-to-equity ratio of 0.45.

Star (NASDAQ:STHO) last released its quarterly earnings results on Tuesday, November 5th. The company reported ($0.42) earnings per share (EPS) for the quarter. Star had a net margin of 69.55% and a return on equity of 9.84%. The company had revenue of $24.55 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.