Short Interest in Star Holdings (NASDAQ:STHO) Decreases By 16.1%

Star Holdings (NASDAQ:STHO - Get Free Report) saw a large decline in short interest in May. As of May 15th, there was short interest totalling 326,500 shares, a decline of 16.1% from the April 30th total of 389,000 shares. Approximately 2.5% of the shares of the stock are sold short. Based on an average daily volume of 105,200 shares, the short-interest ratio is currently 3.1 days.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded shares of Star from a "strong sell" rating to a "hold" rating in a research report on Thursday, May 22nd.

Star Price Performance

Star stock traded down $0.11 during mid-day trading on Wednesday, hitting $7.14. 100,986 shares of the company were exchanged, compared to its average volume of 71,664. The company has a debt-to-equity ratio of 0.63, a current ratio of 7.24 and a quick ratio of 9.23. Star has a 12-month low of $6.06 and a 12-month high of $14.50. The business's 50 day simple moving average is $6.67 and its two-hundred day simple moving average is $8.42. The company has a market capitalization of $95.10 million, a P/E ratio of -1.10 and a beta of 1.23.

Star (NASDAQ:STHO - Get Free Report) last posted its quarterly earnings data on Monday, May 12th. The company reported ($0.81) EPS for the quarter. Star had a negative return on equity of 33.53% and a negative net margin of 76.57%. The company had revenue of $14.62 million for the quarter.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Tower Research Capital LLC TRC increased its stake in Star by 196.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,658 shares of the company's stock valued at $26,000 after purchasing an additional 1,761 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Star by 298.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 4,453 shares of the company's stock worth $43,000 after acquiring an additional 3,335 shares during the period. Russell Investments Group Ltd. boosted its position in shares of Star by 725.2% in the fourth quarter. Russell Investments Group Ltd. now owns 5,562 shares of the company's stock worth $54,000 after acquiring an additional 4,888 shares during the last quarter. Wells Fargo & Company MN grew its holdings in Star by 18.9% in the fourth quarter. Wells Fargo & Company MN now owns 9,413 shares of the company's stock valued at $92,000 after purchasing an additional 1,494 shares during the period. Finally, Squarepoint Ops LLC acquired a new position in Star during the fourth quarter worth approximately $99,000. Hedge funds and other institutional investors own 89.31% of the company's stock.

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.