Star Holdings Experiences Significant Increase in Short Interest

Star Holdings (NASDAQ:STHO) saw a notable rise in short interest during December. By December 15th, the total short interest reached 137,400 shares, marking an increase of 18.9% compared to the 115,600 shares reported on November 30th. As it stands, around 1.2% of the company's shares are currently sold short. With an average daily trading volume of 67,400 shares, the short-interest ratio is calculated at 2.0 days.

Hedge Fund Activities Surrounding Star Holdings

Several hedge funds and institutional investors have recently altered their holdings in Star Holdings. American Century Companies Inc. increased its position in Star by 16.6% during the second quarter, bringing its total to 13,496 shares valued at approximately $163,000 after acquiring an additional 1,921 shares in the last quarter. In the third quarter, Howard Financial Services LTD. raised its stake by 18.8%, now owning 19,000 shares worth around $263,000 following the purchase of 3,000 additional shares. Marquette Asset Management LLC also increased its holdings by 17.7% in the third quarter, now owning 20,865 shares valued at $289,000 after securing 3,131 extra shares in the last quarter. Meanwhile, FMR LLC showed substantial growth, increasing its stake by 81.1% and owning 7,386 shares valued at $102,000 after acquiring another 3,308 shares. Lastly, Bluefin Capital Management LLC grew its holdings by 1.2% during the second quarter and now owns 351,518 shares valued at $4,239,000 after purchasing an additional 4,311 shares. Notably, institutional investors collectively own 89.31% of Star Holdings' stock.

Stock Performance Overview for Star Holdings

During mid-day trading on Friday, Star Holdings stock fell by $0.23 to $9.30, with a trading volume of 136,200 shares, surpassing its average volume of 57,246. The stock has a fifty-day simple moving average of $11.27, while the 200-day simple moving average stands at $12.31. Over the last year, Star's stock has varied between a low of $9.23 and a high of $15.31. The company maintains a strong current ratio of 9.23, a quick ratio matching this figure, and a debt-to-equity ratio of 0.45. Its market capitalization is approximately $123.88 million, with a P/E ratio of 1.51 and a beta of 1.25.

Star Holdings last reported its quarterly earnings on November 5th, showcasing earnings per share (EPS) of ($0.42) for the quarter. The company achieved a substantial net margin of 69.55% and a return on equity of 9.84%, with revenues totaling $24.55 million.

About Star Holdings

Star Holdings is engaged in non-ground lease related commercial real estate activities throughout the United States. Its portfolio includes interests in notable projects such as the Asbury Park Waterfront and Magnolia Green residential developments. The company is headquartered in New York, New York.

Investment Considerations

Before considering an investment in Star Holdings, it's wise to evaluate other options available in the market. Analysts currently hold a "Hold" rating on Star, suggesting that there may be more favorable investment opportunities available.

Stock, Investment, Market