Star Holdings (NASDAQ:STHO) Short Interest Up 18.9% in December

Star Holdings (NASDAQ:STHO) was the recipient of a significant growth in short interest in December. As of December 15th, there was short interest totalling 137,400 shares, a growth of 18.9% from the November 30th total of 115,600 shares. Currently, 1.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 67,400 shares, the short-interest ratio is currently 2.0 days.

Hedge Funds Weigh In On Star

Several hedge funds and other institutional investors have recently modified their holdings of STHO. American Century Companies Inc. boosted its stake in Star by 16.6% in the second quarter. American Century Companies Inc. now owns 13,496 shares of the company’s stock valued at $163,000 after buying an additional 1,921 shares in the last quarter. Howard Financial Services LTD. lifted its holdings in shares of Star by 18.8% in the third quarter. Howard Financial Services LTD. now owns 19,000 shares of the company’s stock worth $263,000 after acquiring an additional 3,000 shares during the last quarter. Marquette Asset Management LLC boosted its stake in shares of Star by 17.7% in the 3rd quarter. Marquette Asset Management LLC now owns 20,865 shares of the company’s stock valued at $289,000 after purchasing an additional 3,131 shares in the last quarter. FMR LLC grew its holdings in shares of Star by 81.1% during the 3rd quarter. FMR LLC now owns 7,386 shares of the company’s stock valued at $102,000 after purchasing an additional 3,308 shares during the last quarter. Finally, Bluefin Capital Management LLC grew its holdings in shares of Star by 1.2% during the 2nd quarter. Bluefin Capital Management LLC now owns 351,518 shares of the company’s stock valued at $4,239,000 after purchasing an additional 4,311 shares during the last quarter. Institutional investors own 89.31% of the company’s stock.

Star Price Performance

STHO stock traded down $0.23 during mid-day trading on Friday, hitting $9.30. The stock had a trading volume of 136,200 shares, compared to its average volume of 57,246. The firm has a fifty day simple moving average of $11.27 and a 200 day simple moving average of $12.31. Star has a 52 week low of $9.23 and a 52 week high of $15.31. The company has a current ratio of 9.23, a quick ratio of 9.23 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $123.88 million, a P/E ratio of 1.51 and a beta of 1.25.

Star (NASDAQ:STHO) last announced its quarterly earnings data 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 firm had revenue of $24.55 million during the quarter.

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.