Stratus Properties Inc. (NASDAQ:STRS) Sees Large Increase in Short Interest

Stratus Properties Inc. (NASDAQ:STRSGet Rating) saw a large increase in short interest in April. As of April 15th, there was short interest totalling 73,600 shares, an increase of 47.8% from the March 31st total of 49,800 shares. Approximately 1.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 16,300 shares, the short-interest ratio is presently 4.5 days.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Susquehanna International Group LLP grew its position in Stratus Properties by 95.3% during the 4th quarter. Susquehanna International Group LLP now owns 13,684 shares of the financial services provider’s stock worth $500,000 after acquiring an additional 6,678 shares during the last quarter. Citadel Advisors LLC bought a new position in Stratus Properties during the 4th quarter worth approximately $206,000. JPMorgan Chase & Co. grew its position in Stratus Properties by 9,300.0% during the 4th quarter. JPMorgan Chase & Co. now owns 1,880 shares of the financial services provider’s stock worth $69,000 after acquiring an additional 1,860 shares during the last quarter. Morgan Stanley grew its position in Stratus Properties by 601.9% during the 3rd quarter. Morgan Stanley now owns 1,881 shares of the financial services provider’s stock worth $61,000 after acquiring an additional 1,613 shares during the last quarter. Finally, Royal Bank of Canada grew its position in shares of Stratus Properties by 351.6% in the 2nd quarter. Royal Bank of Canada now owns 2,267 shares of the financial services provider’s stock worth $56,000 after buying an additional 1,765 shares during the last quarter. Institutional investors and hedge funds own 48.55% of the company’s stock.

Separately, StockNews.com initiated coverage on Stratus Properties in a research report on Thursday, March 31st. They set a “hold” rating on the stock.

STRS remained flat at $$42.00 on Friday. The company had a trading volume of 22,126 shares, compared to its average volume of 19,927. The stock’s 50 day moving average price is $40.76 and its two-hundred day moving average price is $37.19. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.18 and a quick ratio of 1.18. Stratus Properties has a fifty-two week low of $23.20 and a fifty-two week high of $43.45.

About Stratus Properties (Get Rating)

Stratus Properties Inc, a real estate company, engages in the acquisition, entitlement, development, management, and sale of commercial, and multi-and single-family residential real estate properties primarily in Texas. The company operates in two segments, Real Estate Operations and Leasing Operations.

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