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

Star Holdings (NASDAQ:STHO) was the target of a large growth in short interest during the month of February. As of February 27th, there was short interest totaling 122,630 shares, a growth of 16.9% from the February 12th total of 104,932 shares. Approximately 1.1% of the company’s stock are short sold. Based on an average daily trading volume, of 32,443 shares, the days-to-cover ratio is presently 3.8 days. Based on an average daily trading volume, of 32,443 shares, the days-to-cover ratio is presently 3.8 days. Approximately 1.1% of the company’s stock are short sold.

Star Stock Performance

Shares of STHO opened at $8.06 on Tuesday. The stock has a 50 day moving average of $8.35 and a 200 day moving average of $8.07. The company has a market capitalization of $97.45 million, a price-to-earnings ratio of -1.65 and a beta of 1.07. Star has a 12 month low of $6.05 and a 12 month high of $9.25. The company has a current ratio of 7.84, a quick ratio of 7.84 and a debt-to-equity ratio of 1.01.

Institutional Investors Weigh In On Star

Large investors have recently made changes to their positions in the business. Tower Research Capital LLC TRC raised its stake in shares of Star by 226.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,207 shares of the company’s stock worth $41,000 after purchasing an additional 3,612 shares during the period. PNC Financial Services Group Inc. grew its position in Star by 238.0% during the second quarter. PNC Financial Services Group Inc. now owns 10,073 shares of the company’s stock valued at $79,000 after buying an additional 7,093 shares during the period. XTX Topco Ltd purchased a new stake in Star during the second quarter worth about $79,000. AQR Capital Management LLC purchased a new stake in Star during the first quarter worth about $96,000. Finally, PDT Partners LLC bought a new stake in Star in the second quarter worth about $124,000. 89.31% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Star in a report on Monday, December 29th. Wall Street Zen lowered shares of Star from a “hold” rating to a “sell” rating in a research report on Saturday, February 21st. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has a consensus rating of “Sell”.

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.